The automaker Audi plans to spend almost half of its investments on electric and hybrid vehicles in the next five years. Audi announced that of the planned research and development work and investments in fixed assets amounting to 35 billion euros, 10 billion euros are allocated for electric cars and five billion euros for hybrids.
Audi's parent company Volkswagen announced in mid-November that it would enter the race with Tesla for the leading role in electromobility with a huge budget of 73 billion euros. In the next five years, the world's largest car manufacturer is investing 35 billion euros in new electric cars.
Markus Duesmann, Audi boss, want to convert Volkswagen into a mobility group that offers digital services in addition to electric vehicles and self-driving cars. Audi is to develop a cross-brand premium electric platform together with Porsche and at the same time use the group technology of the modular electrification kit (MEB).
Audi plans to expand its e-cars portfolio to around 30 models by 2025, around 20 of which are battery-powered vehicles.
In recent months, the framework conditions for a quick ramp-up of electromobility have deteriorated dramatically due to a shift in interest rates, inflation, and growing costs for batteries, automobiles, and electricity. According to the… Continue reading
Hyundai Motor Company and Ineos Group have announced that they want to jointly develop hydrogen battery technology for electric cars. According to a signed memorandum of understanding between… Continue reading
Kia has launched its new EV9, a large electric SUV that offers three rows of seats, a range of up to 541 km, and ultra-fast charging in Sweden. The EV9 is Kia's first three-row electric flagship SUV, and it aims to challenge the… Continue reading
Tesla began delivering the first Model 3 units in the European market in February to honor the over 14,000 orders it has received from the Old Continent. The first sales reports from the main European countries indicate the success that the… Continue reading
