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 Chinese electric car manufacturer BYD plans to launch in Europe in 2020. In addition to a 100% electric SUV, commercial vehicles with an electric drive are also planned. BYD has been active in Europe for some time now with electrically… 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
Many thousands of trucks roll on highways every day. This has an enormous impact on the environment because freight traffic is anything but clean. Hyundai Motor wants to change that, and it has delivered the first seven Xcient Fuel Cell trucks in… Continue reading