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 president of ElectroMobility Poland (EMP) publishes that they will enter the electricity market with Izera, which is the first electric car brand in this country. The first models will be a hatchback and an SUV. This is a… Continue reading
Spain is a country that loves cars. It has a long history of automotive innovation, from the pioneering Hispano-Suiza to the iconic SEAT 600. It also has a strong car industry, with more than 2.8 million vehicles produced in 2019, making it… Continue reading
By the end of 2021, Polestar's global presence will grow from nine to 18 markets. In addition, the number of retail spaces will be doubled by the end of the year, with more than 100 locations including the new "Polestar Destinations… Continue reading
