Tuesday , September 27 2022

Volkswagen called big investments in electric cars



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Volkswagen called big investments in electric cars

Photo: Getti Images

Electric model Golf at the VV drive in Dresden

The three companies of the concern – in Emden, Zvickau and Hanover – will be re-equipped and equipped for the production of electric cars. Planned construction of a company in Eastern Europe.

German automotive concern Volksvagen wants to invest in the development of electric cars, cars for automobiles and the digitization of 44 billion euros in the next five years (by 2023). This decision was adopted by the board of directors on Friday, November 16th.

According to Reuters, this is about a third of the company's total costs for this period.

In the previous five-year program (from 2018 to 2022), 34 billion euros were allocated for these purposes. "Focusing on promising areas of mobility with our investments and consistently implementing our strategy," said Herbert Dis, chairman of the board.

The consultation intends to raise money for programs related to electric cars due to multi-currency savings programs in the production of other models.

Representative of the board of Oliver Blume confirmed that the three companies of the group – in Emden, Zvickau and Hanover – will be re-equipped and equipped for the production of electric vehicles. In addition, the construction of a factory in Eastern Europe is planned.

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

Source: DV Russian Service

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