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.
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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
Commercial vehicles are essential for our economy and society. They transport goods, deliver services, and support various industries. However, they also have a significant environmental impact, as they consume large amounts of fossil… Continue reading
Electric cars that can be bought between 20,000 and 30,000 euros The commitment to electric mobility is marking the future of the automotive market. More and more motor companies are making green vehicles since hybrid and electric cars are less polluting than… Continue reading
