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Audi increases upfront expenditure for electric mobility
- Consistently electric: plans for upfront expenditure totaling approximately €37 billion by 2024, thereof about €12 billion solely for electric mobility
- CFO Seitz: “The planning round supports our course of accelerated electrification.”
- Audi Transformation Plan has freed up more than €4 billion since it was started
- Fundamental agreement on Audi.Zukunft has positive implications for long-term competitiveness
AUDI AG has planned a total amount of approximately €37 billion for research and development expenditure and investment in property, plant and equipment over the next five years. Against the backdrop of its roadmap towards electrification, the manufacturer is planning upfront expenditure of €12 billion solely for electric mobility – more than ever before. The successful Audi Transformation Plan (ATP) is freeing up the necessary funds: Since the start of the program, the ATP has already contributed €4 billion to earnings. Furthermore, measures taken in the context of Audi.Zukunft are to free up approximately €6 billion for future investments by 2029.