Audi, the German vehicle maker, announced it’s accelerating its efforts to churn out electric vehicles, saying it will spend €12 billion on the effort. In a press release , Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi said the money going toward electric vehicles is part of updated spending plans. Audi wants a lineup of 30 electrified models by 2025 The aim is to have more than 30 electrified models in the lineup by 2025. It also plans to have 20 fully electric vehicles in its lineup by that time. Audi said that around 40% of its worldwide unit sales will come from all-electric and hybridized vehicles by then. “With our Consistently Audistrategy, we are accelerating our roadmap towards electrification. Our investment planning takes this into account,” said Seitz in the press release. “At around €12 billion, we will spend more than ever before on electric mobility by 2024." Audi’s transformation plan enabled it to make a big investment Seitz noted that Audi is able to finance the high investment required to align the business model around the electric opportunity thanks to its Audi Transformation Plan it launched two years ago. Through that, […]

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