Info
Info

Audi plans investment of €14 billion to further develop e-mobility, digitalisation and autonomous driving

News
From 2019 until the end of 2023, Audi AG plans advance expenditure of approximately €14 billion ($15.96 billion) in electric mobility, digitalization and autonomous driving. This includes investments in property, plant and equipment as well as research and development expenditure.
Info

Overall, the company's total projected expenditure for the planning period of the next five years amounts to about €40 billion ($45.6 billion).

“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 prioritising our resources for future-oriented products and services that are highly attractive and relevant to the market,” says Bram Schot, temporary Chairman of the Board of Management of Audi AG. “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.”

Starting with the Audi e-tron, the brand's first all-electric SUV, the company will launch numerous electric cars in the coming years. By 2025, Audi will offer approximately 20 electrified models, about half of which will have all-electric drive systems. At the same time, Audi is pushing forward with the digitalisation of its automobiles and plants, and is expanding its business model with new digital services such as “functions on demand”.

The share of total expenditure for future topics will therefore increase significantly over the planning period. Particularly in the second half of the planning horizon, the approved advance expenditure also reflects the scaling-up of electric mobility on the basis of cross-brand architectures with high Group synergies. To this end, Audi is working with Porsche to develop the “premium architecture electrification (PPE)” for large electric cars, while the “modular electric drive kit (MEB)” is being realised together with Volkswagen.

In order to finance its course for the future from its own resources, the company is systematically rolling out its successful Audi Transformation Plan. With this program, Audi will already generate positive earnings effects of more than €1 billion ($1.14 billion) in 2018, counteracting the financial burden from high advance expenditure.

In addition to transferring resources to areas of the future, the Audi Transformation Plan is primarily aimed at reducing complexity, systematically utilising synergies, and identifying and discontinuing activities that are no longer relevant to customers.


The Latest News, Brought To You By
Audi plans investment of €14 billion to further develop e-mobility, digitalisation and autonomous driving
Modified on Tuesday 4th December 2018
Find all articles related to:
Audi plans investment of €14 billion to further develop e-mobility, digitalisation and autonomous driving
TaaS Technology Magazine
Info
AVL And TNO Collaborate To Accelerate Validation Of Self-driving Vehicles Technologies
Hyundai Unveils Its New ‘FCEV Vision 2030’ Plan
Bosch Testing Fully Renewable Diesel Fuel
SoftBank Makes Fresh Investment In Tech-enabled Parking Service, ParkJockey
EU Partners With MOBILus Consortium To Develop A Community On Urban Mobility
Innogy To Supply Charging Infrastructure To Skidata Italia
Audi Expands Coverage Of Its Premium Mobility Service, On Demand+
Qiantu Motor To Bring Its EVs To The North American Market
Tier IV, Apex.AI And Linaro Launch The Autoware Foundation
Ricardo To Collaborate With Authorities In Chinese City Of Shangrao To Develop New NEVs
Rohde & Schwarz And Huawei Conduct Field Trial Precision Latency Measurements For 5G C-V2X Communication
Opel To Launch Electrified Version Of The Grandland X And Corsa In 2019
DeepMap To Provide HD Mapping Solutions For Einride And Ridecell
Nissan Inaugurates Its Global Digital Hub In India
HERE And INRIX Partner To Further The Future Of Mobility
KBA Approves Series Production Of DHL’s Electric Van, The Street Scooter Work
Alfa Power Launch Its Ultra-fast 120kW EV Charger In UK
Delphi And Valeo Join The Auto-ISAC Cybersecurity Platform
Mercedes-Benz To Offer 130 Electrified Models By 2022
Scania Develops Fuel Cell Based Refuse Truck
Samsung And KOTSA To Build 5G–V2X Test Zone At K-City
Neil M. Schloss To Join Karamba Security’s Board Of Directors
JAC Volkswagen To Open New R&D Centre To Better Serve Customers In China
BMW Group Appoints New Lead For Its Driver Assistance And Autonomous Driving Development Department
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info