Audi looks to the future: it will invest 14 billion by 2023 for electric mobility and autonomous driving
The Audi Group accelerates the restructuring of its business model thanks to significant investments in the key issues of the future.
From 2019 to the end of 2023, the company will invest around 14 billion euros for electric mobility, digitalisation and the development of autonomous driving.
An action plan involving property, plant and equipment as well as research and development. Overall, in the next five years Audi will invest around 40 billion euros.
The share of investments dedicated to the neuralgic themes that will characterize the future is destined to grow significantly, especially in the second part of the planning period.
Approved expense advances are evidence of the enhancement of electric mobility based on cross-brand architectures with strong Group synergies.
To this end, Audi collaborates with Porsche for the development of the electric platform called Premium Platform Electric (PPE), which will be the basis for vehicles that will be positioned from B to D segments (medium, full size and luxury cars), while the electric modular platform (MEB) for compact models is under construction with Volkswagen.
For the autonomous financing of future plans, Audi is systematically implementing its action and transformation plan.
Thanks to this program, the four rings brand will generate positive effects for over one billion euros in 2018, offsetting the financial burden deriving from the relevant expenditure advances.
In addition to the use of resources for future issues, Audi's action and transformation plan is primarily aimed at reducing complexity, enhancing synergies and identifying, and interrupting activities that are no longer relevant to customers.