Volkswagen Delays Trinity Launch Due To Software Issues: Report
Portfolio Pulse from Lekha Gupta
Volkswagen AG has delayed the launch of its new ID.4 models from the Trinity EV project to the early 2030s due to software issues at its Cariad subsidiary. The project, initially set for a 2026 launch, has been postponed, and the company plans to release an updated ID.4 model in 2026 using a new version of its existing MEB platform. The delay is part of a broader reshuffling of plans and cost-cutting efforts amid weak electric car demand.
August 13, 2024 | 5:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Volkswagen AG has delayed the launch of its new ID.4 models from the Trinity EV project to the early 2030s due to software issues at its Cariad subsidiary. The company plans to release an updated ID.4 model in 2026 using a new version of its existing MEB platform.
The delay in the launch of the new ID.4 models is likely to negatively impact investor sentiment in the short term. The postponement indicates ongoing issues within Volkswagen's software development, which could lead to concerns about the company's ability to meet future EV targets. Additionally, the delay may affect Volkswagen's competitive position in the EV market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100