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 accelerates the market introduction of electric utility vehicles such as e-vans, e-buses and e-trucks. According to "Business Korea", the South Koreans want to offer electric versions of the small truck Porter as well as the light… Continue reading
The Chinese electric car startup WM Motor has been able to generate nearly 400 million euros in a financing round led by Baidu. Other investors in the new round are Linear Venture and the Taihang Industrial Fund. The fresh capital should… Continue reading
Everyone knows that pollution is a problem that is affecting our planet and, fortunately, or unfortunately, the automotive industry has a lot to do with it. To remedy this, there are already many brands that are beginning to bet massively on alternatives to… Continue reading
