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袁春凤 (Tiffany)

Audi 14 billion euro to invest in electric and autopilot

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Audi 14 billion euro to invest in electric and autopilot

According to foreign media reports, on December 4, local time, Audi, a luxury car brand owned by Volkswagen Group, said it would invest 14 billion euros ($15.9 billion) in electric vehicles, digital and automatic driving from 2019 to the end of 2023, including investment in factories, equipment and research and development expenditures. The company also plans to implement restructuring measures in 2018, which will bring about a billion euros in profit growth.

With the recent launch of the Audi e-tron GT concept car, the company hopes to provide more electrified services. Audi plans to offer about 20 electric vehicles by 2025, half of which will be powered by pure electric drive systems. At the same time, Audi is digitizing its automobiles and factories and expanding its business model through new digital services such as on-demand functionality.

Therefore, in the planning period (especially in the late planning period), total expenditure will increase substantially in the future. The approved advance expenditure also reflects the expansion of electric transport on the basis of a cross-brand framework with group synergies. To this end, Audi is working with Porsche to develop a PPE (premium architecture electrification) electrification platform for large electric vehicles, as well as with Volkswagen on the MEB (modular electric drive kit) platform.

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