Nov 20, 2017 - 11:45 am

Volkswagen puts billions of euros into future tech

In its latest planning round for the period 2018 to 2022, Volkswagen decided to invest more than 34bn euros in future technologies – namely in electric mobility, autonomous driving, mobility services and digitalisation.

The majority of this sum will be used to advance the company’s Roadmap E electrification offensive and will be thus put into the electrification of VW’s core models. When the strategy was introduced in September, CEO Matthias Müller announced that Volkswagen would electrify its entire model portfolio until 2030. That would represent 80 electrified models in less than ten years.

The carmaker also confirmed earlier reports, according to which the German city of Zwickau will become Volkswagen’s first pure electric mobility plant. This step is related to the debut of VW’s first European serial production on base of the group’s MEB platform. By 2020, Volkswagen intends to launch the I.D. – the first representative of its new EV generation.


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20.11.2017 11:38