AUDI AG has announced an increase in its budget for electromobility between 2021 and 2025. It will invest a total amount of approximately €35 billion to push ahead with its transformation to a provider of networked and sustainable premium mobility.
Some €17 billion, amounting to half of the investment sum, is allocated to future technologies alone. The premium manufacturer has earmarked approximately €15 billion for electromobility and hybrid technology.
Herbert Diess, Chairman of the Supervisory Board of AUDI AG., says: “With the investment planning that has now been carried out, we are making Audi stronger for the upcoming transformation of the core business. Technological leadership in electric-powered and fully networked driving is the aim of the supervisory board and management board. We are providing Audi with the necessary resources for this.”
Peter Mosch, Vice Chairman of the Supervisory Board of AUDI AG and Chairman of the General Works Council of AUDI AG., adds: “The investments approved today for enhancing Audi’s forward-looking themes of electrification, hybrid technology and digitalization are extremely important for us in this transformation. They secure the technological leadership of the Group. This benefits us in many projects, and also in creating high-quality jobs. The Audi sites at Neckarsulm and Ingolstadt will derive long-term advantages from this. That is a decisive factor for us as employee representatives.”
“Our investment planning tells a clear story: we are not cutting back on the substance of products, and are giving full priority to expenditure on electromobility and software development,” says Markus Duesmann, CEO of AUDI AG. “The thorough-going focus on group synergies for these central future themes is an important key to success.”
By 2025 AUDI AG will expand its e-portfolio to about 30 models, of which approximately 20 will be powered entirely by electric batteries.