iCAUR V27 REEV brings 335 kW and a 1 000 km range to SA
iCAUR is adding a large all-wheel drive SUV to its local range in the fourth quarter, with 335 kW and a claimed combined range of up to 1 000 km.
- New Energy Vehicles
- 9 November 2026
Volkswagen plans to invest 180 billion euros over five years in certain areas, including battery production and raw material sourcing, in a bid to cut electric-vehicle costs and protect its market share, Reuters reported on 14 March.
The Reuters report appeared the same day VW made the announcement.
Over two-thirds of the company's five-year investment budget is allocated to electrification and digitalisation, including up to 15 billion euros for batteries and raw materials.
With markets in turmoil over the collapse of Silicon Valley Bank, Chief Financial Officer, Arno Antlitz, told analysts that the company could, however, postpone some battery investments should the market not grow as expected.
"The overall target is having solid financials at all times," Antlitz said.
Volkswagen, Europe's top carmaker, is striving to close a gap with electric vehicle (EV) pioneer Tesla by expanding its slice of the growing market for battery-powered cars.
The carmaker is still aiming to bring an affordable EV – costing around 25,000 euros at today's prices – to market by 2025, produced on a second-generation version of its all-electric MEB platform.
Antlitz said he hoped the company would by then have struck enough raw material sourcing deals and expanded battery production to bring down EV costs, 40% of which stem from the cost of the battery.
"We expect to reach 20% electromobility in new sales from 2025 and are already investing two-thirds in that area," Antlitz said. "On the other hand we need to keep combustion engines competitive... that is a double burden."
The carmaker said it is finalising high-performance software for its premium and luxury brands, which could in the medium term be applied across the company, in an attempt to improve operations at its software unit, Cariad.
The unit set up under former CEO Herbert Diess has gone over budget and fallen behind on its goals, suffering an operating loss of 2.1 billion euros in 2022 on revenue of 800 million euros, according to the carmaker's annual report released on Tuesday.
(1.00000 EUR = 19.45510 ZAR on 16 March 2023)
iCAUR is adding a large all-wheel drive SUV to its local range in the fourth quarter, with 335 kW and a claimed combined range of up to 1 000 km.
Montana Toyota, the first Future Toyota Concept dealership in South Africa, has opened at the intersection of Sefako Makgatho Drive and Avocet Avenue in Montana, Pretoria. The dealership is part of Super Group Dealerships.
A bakkie is the backbone of many South African businesses, and JMC South Africa has now launched a new one. Backed by the Salvador Caetano Group, the company has introduced the All New JMC Vigus Single Cab, a 4x2 manual aimed at fleet operators and independent contractors.
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Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
George Carlin
iCAUR is adding a large all-wheel drive SUV to its local range in the fourth quarter, with 335 kW and a claimed combined range of up to 1 000 km.
India, the largest source of passenger vehicle imports for South Africa, has finalised its fuel efficiency standards for passenger vehicles.
South Africa’s new energy vehicle (NEV) market continued to expand during 2026, with sales for the first nine months of the year already exceeding the total recorded during the whole of 2025.