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
Tesla is still losing money from selling electric cars. Elon Musk owes a solid profit for 2020 to another source of income. 2020 was an excellent year for Elon Musk and Tesla. Thanks to a sevenfold increase in market value, the electric car… Continue reading
Lancia is one of the most storied and iconic car brands in history, but it has been languishing in obscurity for years, selling only one model, the Lancia Ypsilon, in its home market of Italy. But that could soon change, as the brand has… Continue reading
The German automobile brand Volkswagen has started installing electric vehicle charging points in its German factories, a process through which it will launch 4,000 posts at its plants until 2025, the company said in a statement. The first 60… Continue reading
