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
Ford confirmed that it will invest 249 million euros to build a new light commercial vehicle in 2023, at its plant in Craiova (Romania), including a fully electric version of it, which will debut in 2024. With an investment of 249 million… Continue reading
Citroen, the French automaker, has revealed its latest electric car, the e-C3, which aims to be the first affordable electric car in Europe. The 2024 Citroen e-C3 is a compact hatchback that offers a range of 199 miles, a… Continue reading
Electric car sales almost doubled in the first half of 2019, compared to the first six months of last year. 100% electric vehicles registered an increase of 92% during this period, with 765,000 units being sold globally. According to JATO… Continue reading
