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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. —Stefan Mecha, CEO VW Brand Region China Audi has signed a strategic memorandum with its Chinese joint venture partner SAIC to further expand existing cooperation.

Audi 282
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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

Green Car Congress

Capgemini and Audi have launched a joint venture: XL2. It will provide digital technology and consulting services, specifically in the fields of SAP S/4HANA and cloud services primarily for Audi and the entire Volkswagen Group. XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks.

Audi 186
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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 Audi Transformation Plan (ATP), launched two years ago, is freeing up the necessary funds. —Alexander Seitz.

Audi 199
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Member of Swiss National Councils fills up with sunfire solar diesel to call attention to need for regulatory reform

Green Car Congress

In an event in Bern, Switzerland, Swiss National Council member and president of the Clean Fuel Now initiative Thomas Böhni filled up his Audi A2 with 100% synthetic diesel (Audi e-diesel) produced by sunfire GmbH to draw attention to the need to remove what he terms unjustified Swiss restrictions on synthetic fuels. Earlier post.).

Diesel 150
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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. More mainstream models will come from Kia, Mahindra, Škoda, and Volkswagen.

2014 346
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Volkswagen again reaffirms 20 new PEV models coming across the Group; MEB development

Green Car Congress

Digitalization and the field of mobility services in particular offer high earnings potential, said Müller, adding that the Group will soon form a legally independent, Group-wide company to promote business in the mobility services of the future with the necessary speed, entrepreneurial focus and the required agility. billion in total.

2015 150