Audi announces €14 billion investment with focus on electric vehicles

The  Volkswagen group is investing billions in electric vehicles as it is trying to move away from diesel vehicles.

Now Audi is making its part as it approves a new €14 billion investment plan in “electric mobility, digitalization and autonomous driving by the end of 2023.”

The German premium automaker announced today that the board approved the new investment plan, which will involve “property, plant and equipment as well as research and development expenditure.”

Bram Schot, temporary Chairman of the Board of Management of AUDI AG, commented on the announcement:

“This planning round bears a clear signature: We are taking a very systematic approach to electric mobility and will be much more focused in future. We are consistently prioritizing our resources for future-oriented products and services that are highly attractive and relevant to the market. With models such as the recently presented Audi e-tron GT concept, we want to electrify people again for Audi and at the same time be an agile and very efficient company.

Interim CEO Bram Schot added:

“We are systematically moving towards electric mobility and are consistently prioritizing future topics”

By 2025, Audi says that it will offer “approximately 20 electrified models, about half of which will have all-electric drive systems.”

The Audi e-tron SUV is the first and it will be followed by a Sportback version and the recently unveiled e-tron GT.

The brand with the four rings presents its first fully electric series-production model, the Audi e-tron. From 0 to 100 km/h (62.1 mph) in 5.7 seconds, a range of over 400 kilometers (248.5 mi) in the WLTP driving cycle, zero local emissions – the full-size SUV is powerful, efficient, sporty and practical for everyday driving. Its two electric motors produce up to 300 kW and combine with the electric all-wheel drive to deliver optimum performance on any terrain. A comprehensive range of charging options for at home and on the go make electric driving convenient and effortless.

Combined electric power consumption in kWh/100 km (62.1 mi)*: 26.2 - 22.5 (WLTP); 24.6 - 23.7 (NEFZ) CO2 emissions combined in g/km (g/mi): 0 (* Figures depending on the chosen equipment level)

For sure the future is electric and the big players are now in the game!

Source:Audi