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Siemens AG electrifying fleet with 1,000 Volkswagen ID.4’s

January 04, 2024

Volkswagen Financial Services, in collaboration with the Volkswagen brand, is assisting Siemens AG in electrifying its fleet by gradually adding up to 1,000 leased Volkswagen ID.4 vehicles.

The Volkswagen ID.4, the first all-electric compact SUV from the Volkswagen brand, is produced and sold in China, the USA, and Europe. The vehicle’s design, based on the modular electric drive matrix (MEB), allows for a spacious interior. The ID.4 also boasts strong driving performance and maximum ranges of up to 512 kilometers or 531 kilometers (the two versions in the WLTP cycle). Its quick-charging capability with up to 135 kW makes it suitable for long distances.

Siemens has set ambitious goals for the electrification of its own fleet as part of its sustainability strategy, aiming to make the entire fleet CO2-neutral and fully electric by 2030.

Volkswagen Financial Services, a business division of the Volkswagen AG group of companies, includes Volkswagen Financial Services AG and its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG. The division’s key business fields include dealer and customer financing, leasing, bank and insurance activities, fleet management, and mobility services. As of December 31, 2022, Volkswagen Financial Services reported total assets of around EUR 240 billion, an operating profit of EUR 5.60 billion, and a portfolio of around 22.0 million current contracts.

“The electrification of our fleet is a clear commitment to achieving our climate goals. But we also want to be a pioneer in our industry and send a clear signal for sustainable fleet management in line with our DEGREE framework,” explained Stefan Kurz, Head of Global Fleet Management at Siemens. He added: “We chose the Volkswagen ID.4 because, in our opinion, the vehicle offers a good combination of range, charging speed, trunk volume, and price.”

“Fleets of companies and public authorities provide significant leverage for the market ramp-up of e-mobility. Therefore, the electrification of vehicle fleets is also of central importance to us at Volkswagen Financial Services. We are observing that more and more fleet managers are also electrifying their service vehicles. This shows how suitable and practical electric mobility has become for everyday use,” said Armin Villinger, Chairman of the Management Board of Volkswagen Leasing GmbH.

“The fleet customer business is of great importance to Volkswagen. That is why we are pleased to continue our long-standing and trusting cooperation with Siemens into the era of electromobility,” mentioned Achim Schaible, Chairman and Spokesman of the Board of Management of Volkswagen Germany.