Audi planning 10 new fully-electric vehicles by 2025

Marco Green
December 5, 2018

Audi said it will invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and autonomous driving.

After Volkswagen figured they will spend 30 billion euros on electric transport, Audi has revealed their own investment programme.

Overall, the company's total projected expenditure for the next five years amounts to $45.6 billion, the company said.

Interim CEO Bram Schot thus sounds right when he says that Audi is "systematically moving towards electric mobility" and that future topics have priority for the German carmaker.

Audi is introducing three new-generation volume electric cars.

Audi has provided more details about it high-tech e-tron SUV and the options it offers.

Audi aims to become the leading "premium marque" in the VW stable for electric cars with an annual sales target of 800 000 fully electric and hybrid vehicles, or a third of total production.

Audi's e-tron sports an array of impressive features besides the new cameras, too, including two electric motors with electric all-wheel drive.

Much of the work is being shared with other VW subsidiaries, with electric engines for the top end models, for example, being developed jointly with Porsche. It also plans restructuring measures that will generate 1 billion in earnings uplift already in 2018.

Other reports by Click Lancashire

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