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.

Thank you for visiting IHS Automotive Supplierinsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the SupplierInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

Related Assets