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Audi Plans EUR 12 Million Investment for EVs

Auto News - Published on Tue, 03 Dec 2019

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Audi AG has planned a total amount of approximately EUR 37 billion for research and development expenditure and investment in property, plant and equipment over the next five years. Against the backdrop of its roadmap towards electrification, the manufacturer is planning upfront expenditure of EUR 12 billion solely for electric mobility.

By 2025, the Audi Group intends to have more than 30 electrified models in its product range, 20 of which will be fully electric. Audi intends to achieve about 40 percent of its worldwide unit sales with all-electric and hybridized automobiles by then. In order to achieve the rapid scaling of electric mobility, Audi is working with Porsche to develop the premium electrification architecture for large electric cars, and the Modular E Drive System is being developed together with Volkswagen. The cross-brand architectures will enable high Group synergies to be utilized in the future.

The successful Audi Transformation Plan is freeing up the necessary funds: Since the start of the program, the ATP has already contributed EUR 4 billion to earnings. Furthermore, measures taken in the context of Audi.Zukunft are to free up approximately EUR 6 billion for future investments by 2029.

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Posted By : Rabi Wangkhem on Tue, 03 Dec 2019
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