VW Becomes Germany’s Most Valuable Company on EV Enthusiasm

Auto behemoth surpasses European software powerhouse SAP
VW CEO mapped out plan this week to dethrone Tesla by 2025

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VW CEO Sees Profit Pools Shifting to Electric, Autonomous Cars

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By Christoph Rauwald and Lukas Strobl

March 17, 2021 at 4:38 PM UTC

Updated on

March 17, 2021 at 5:44 PM UTC

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Volkswagen AG surpassed SAP SE to become Germany’s most valuable public company, driven by growing investor confidence it can supplant Tesla Inc. as the global electric vehicle leader.

VW’s preference shares rose 11% on Wednesday in Frankfurt, valuing the automaker at more than 140 billion euros ($166 billion). SAP’s market value slipped to about 127 billion euros.

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