The electrically powered Audi PB 18 e-tron study presented at the Paris International Motor Show. (picture alliance/Uli Deck/dpa/archive)
Audi is to invest 14 billion euros (around 16 billion dollars) in developing electric cars, digitalization and driverless cars in the coming years, the Volkswagen subsidiary announced on Tuesday.
The aim is to offer 10 fully electric vehicles and a further 10 hybrids by 2025.
"We are strongly goal-oriented on our path to e-mobility and will focus our efforts even more in the future," Bram Schot said at Audi's headquarters in the German city of Ingolstadt.
The Audi investment is part of a strategy across the Volkswagen Group, which has announced plans to invest 44 billion euros in new technologies.
Audi aims to become the leading "premium marque" in the VW stable for electric cars with an annual sales target of 800,000 fully electric and hybrid vehicles, or a third of total production.
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.
A single purchase
