Audi increases upfront expenditure for electric mobility

Nov 29, 2019   OEM

Audi AG has planned a total amount of approximately €37 billion ($40.7 billion) for research and development expenditure and investment in property, plant and equipment over the next five years.

Against the backdrop of its roadmap towards electrification, the manufacturer is planning upfront expenditure of €12 billion ($13.2 billion) solely for electric mobility – more than ever before. The successful Audi Transformation Plan (ATP) is freeing up the necessary funds: Since the start of the programme, the ATP has already contributed €4 billion ($4.4 billion) to earnings. Furthermore, measures taken in the context of Audi.Zukunft are to free up approximately €6 billion ($6.6 billion) for future investments by 2029.


Don't miss out

Be the first to know about the latest news in the automotive and transportation industry, through our weekly mailer and bi-monthly publications.

Automotive Purchasing and Supply Chain
New Mobility
Automotive Global Awards
Automotive Leaders Summit
Future Logistics
Automotive Purchasing and Supply Chain | Three6Zero Ltd© 2004-2020