With publication of this study, UBS analysts have increased the 12-month target for Volkswagen stock by 50%, from €200 to €300. Their recommendation is to buy. “The market has been waiting for our BEV-ramp-up and wanted to see some proof points, so here we are…,” wrote Herbert Diess, CEO of Volkswagen Group, on LinkedIn.
UBS study Volkswagen joint world leader for electric cars as early as 2022
Well able to compete with Tesla, and a benchmark for other car manufacturers: that is how Patrick Hummel, Head of European and US Auto & Mobility Research at UBS, assesses the MEB electric platform from Volkswagen. For a study on behalf of UBS, “ID.3 teardown: The biggest EV opportunity – Buy“, published on March 2, specialists broke down the fully electric ID.3 into its individual parts. The result: The ID.3 based on the modular electric drive matrix (MEB), is Volkswagen’s entry ticket to the electric age and the most impressive solution available from an established automotive company.