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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 increases budget for electromobility up to 2025; €10B for electromobility, €5B for hybridization

Green Car Congress

AUDI AG plans a total investment of approximately €35 billion, in spite of a difficult business environment, to 2025. Audi has earmarked approximately €15 billion for electromobility and hybridization, thus underlining the key importance of its electro-roadmap. We are providing Audi with the necessary resources for this.

Audi 261
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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. 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. 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 CEO Duesmann pushes back against politicians opposing ICE ban

Teslarati

Audi CEO Markus Duesmann is pushing against politicians in Europe who oppose the bans internal combustion engine ban in 2035 while resolidifying his company’s plans to only offer fully-electric vehicles from 2026 on. “From 2026, Audi will only be launching purely electric models.”

Audi 94
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Volkswagen commissions fast-charging park with 570 kWh of second-life MEB cell modules

Green Car Congress

The PSC is an electricity storage unit and consists of 96 cell modules with a net capacity of 570 kWh. All cell modules in the PSC were formerly installed as batteries in pre-production models of the ID.3 All cell modules in the PSC were formerly installed as batteries in pre-production models of the ID.3

Charging 334