Friday , April 23 2021

Volkswagen called the size of the investment in electric cars



Volkswagen called the size of the investment in electric cars

Photo: Getty Images

Electric model Golf at the carrier of the VW plant in Dresden

Three companies of concern – in Emden, Zwickau and Hannover – will equip and equip themselves for the production of electric cars. Scheduled construction of the company in Eastern Europe.

The German car company Volkswagen intends to invest in the development of electric cars, self-propelled cars and digitization 44 billion euros in the next five years (until 2023). Such a decision on Friday, November 16, the Board of Directors adopted the concern.

According to Reuters, about one third of the company's total costs are scheduled for this period.

In the previous five-year program (from 2018 to 2022), 34 billion euros were allocated for these purposes. "We focus on promising mobility areas with our investments and consistently follow our strategy," says Herbert Dis, Chairman of the Board.

The concern is to raise funds for programs related to electric cars due to multibillion dollar savings programs in the production of other models.

VW board member Oliver Blume confirmed that the three companies of concern – in Emden, Zwickau and Hannover – will be driven and equipped for the production of electric cars. In addition, it is planned to build a factory in eastern Europe.

Earlier it was reported that the number of electric cars in Europe in the first half exceeded 1 million, and by the end of the year they should reach 1.35 million.

Source: DW Russian Service

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