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
The manufacture of electric vehicles will triple in the next three years, according to a study by the European Federation for Transport and Environment (T&E), based on data by research firm IHS Markit, which indicates that this sector… Continue reading
In 2023, the Peugeot e-208 electric car will undergo a significant technical upgrade. With the new Peugeot e-308's engine installed, it will have more power and lower fuel consumption. The range is increased to as much as 400… Continue reading
From July, consumers in Europe will be able to purchase the 2022 Mazda MX-30, which is an improved version of the automaker's first fully electric car. The updated Mazda MX-30 has received upgrades to its charging performance and the… Continue reading
