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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

Green Car Congress

The Volkswagen Group is strengthening its position on the Chinese automotive market with cooperations between the VW brand and XPENG and between Audi and SAIC. The initial stage of the cooperation will provide for the joint development of two VW-brand electric models for the mid-size segment in the Chinese market.

Audi 282
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Audi to invest ~€14B in electromobility, digitalization and autonomous driving over next 5 years

Green Car Congress

Audi plans to spend approximately €14 billion (US$15.9 billion) in electric mobility, digitalization and autonomous driving from 2019 until the end of 2023. —Bram Schot, temporary Chairman of the Board of Management of Audi AG. e-tron GT concept.

Audi 275
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Audi increases upfront expenditure for electric mobility; €12B by 2024

Green Car Congress

Audi AG plans an outlay of approximately €37 billion for research and development expenditure and investment in property, plant and equipment over the next five years (2020 to 2024). The manufacturer is planning an upfront expenditure of €12 billion solely for electric mobility—more than ever before. —Alexander Seitz.

Audi 199
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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Audi is 5th place with 2 countries. Methodology.

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Audi targeting sales of 800,000 BEVs and PHEVs in 2025

Green Car Congress

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At today’s Annual General Meeting of Audi AG, the Board of Management is presenting the updated “Audi.Vorsprung.2025.” —Rupert Stadler, Chairman of the Board of Management of Audi AG.

Audi 170
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Audi unveils e-gas project: synthetic methane from the methanation of green hydrogen; series production of CNG models in 2013 powered by e-gas

Green Car Congress

Audi A3 TCNG for e-gas project. Starting in 2013, Audi will begin series production of TCNG models whose engines—derived from TFSI units—will be powered by e-gas: synthetic methane produced via the methanation of hydrogen produced by electrolysis using renewable electricity. Click to enlarge.

Audi 370
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Volkswagen lays out its NEW AUTO strategy: transforming from manufacturer to software-driven mobility provider; Scalable Systems Platform

Green Car Congress

At the same time, the Volkswagen Group’s core product—the car—and the underlying business model are changing fundamentally. It particularly is the enabler to manage future challenges in vehicle development, as cars become more and more software-oriented. — Markus Duesmann, CEO of Audi.