Audi plans USD15.9 billion investments on electromobility, digitalization and autonomous driving over next five years
Investment will be made in property, plant, equipment as well as in R&D
Audi plans to invest EUR14 billion (USD15.9 billion) through 2023 on electromobility, digitalization and autonomous driving, the company said in a press release on 4 December. The premium car brand of the Volkswagen Group (VW) will make investment in property, plant and equipment as well as in research and development (R&D). Overall, the company’s total projected expenditure for the next five years is estimated to be around EUR40 billion. To finance its future investment, the carmaker aims to generate EUR1 billion through successful implementation of Audi Transformation Plan.