Dec 16, 2021 - 02:40 pm

Audi raises e-mobility investments to €18 billion

According to the current planning round, Audi wants to invest 18 billion euros in electrification alone from 2022 to 2026. In the last planning round a year ago, Audi had put the investment in electrification for the years 2021 to 2025 at 15 billion euros.

The Ingolstadt company always concludes its planning round shortly after the VW Group. Last week, the Wolfsburg company decided to invest 89 billion euros in future technologies such as electromobility and digitalisation. For the first time, these future technologies account for more than half of the total investments in the group.

A direct comparison with Audi is difficult: while the Group had summarised the future technologies, Audi highlights the investments in electrification and hybridisation with the 18 billion euros – without digitalisation. With 37 billion euros in total investments until 2026, electrification accounts for 48 per cent.

On the way to the electric future – the last combustion engine is to be sold in 2033 – Audi has issued a new interim target: By 2025, the company wants to have more than 20 fully electric models in its range. Here, however, the usual counting method of carmakers must be taken into account: The Q4 e-tron and the Q4 e-tron Sportback count as independent models, as do the Audi e-tron GT and the Audi RS e-tron GT.

“The current round of planning reflects our accelerated future trajectory. Based on this investment planning, the focus of our advance payments until 2026 is quite clearly on consistently implementing the roadmap with a comprehensive product offensive of fully and partially electric models,” says Jürgen Rittersberger, Board Member for Finance and Legal Affairs.

“The rate of change in our society is rapidly increasing,” says Audi CEO Markus Duesmann. “For that reason, we are accelerating our transformation to climate-neutral mobility. For us, a sustainable business model is quite clearly a matter of approach and responsibility.”

In the statement, Audi also mentions its increasing investments in charging infrastructure: for example, it refers to the expansion of the Ionity network from 1,5000 to 7,000 HPC points by 2025. There is also an update on the Audi Charging Hub in Nuremberg: the pilot site is scheduled to open on 23 December.

audi-mediacenter.com

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Found on electrive.com
https://www.electrive.com/2021/12/16/audi-raises-e-mobility-investments-to-e18-billion/
16.12.2021 14:38