German automaker Volkswagen wants to invest in the development of electric cars in the next five years, cars with automatic control and digitization of 44 billion euros, Deutsche Welle writes. The final decision on the redistribution of production will be adopted by the Supervisory Board at the end of the working week.
As stated, this represents almost a third of the total cost of the company in the years 2019-2023. At the beginning of the year, VW's capitalization fell by 13.5% to 73.03 billion euros. "We are with ours with investments We focus on promising areas of mobility and we follow our strategy consistently, "said Herbert Dis, Chairman of the Board of Directors. By 2025, Volkswagen wants to omit more than 50 models of electric cars, the company plans to re-equip three plants in Emden, Zwickau and Hanover.
In addition, after 2022, it plans to increase industrial capacity by building an additional multi-brand plant in Eastern Europe.
Previously, it was said that the number of electric vehicles in European countries exceeded 1 million in the first half of the year and should reach 1.35 million by the beginning of winter.