At the same time, costs in other areas should fall by 15 billion euros by 2022.
Audi intends to spend almost half of its investments on electric and hybrid vehicles in the next five years. The Volkswagen subsidiary announced on Wednesday that of the planned research and development work and investments of 35 billion euros, 10 billion euros are earmarked for electromobility and 5 billion euros for hybrids.
Audi reaffirmed its goal of reducing its costs in other areas by 15 billion euros by 2022. The car manufacturer with the four rings as a logo decided a year ago to cut a total of 9,500 jobs by 2025.
The parent company Volkswagen announced in mid-November that it would be entering the race with Tesla for the leading role in electric mobility with a huge budget of 73 billion euros. In the next five years, the world's largest car manufacturer will invest 35 billion euros in new e-cars and the conversion of the plants. Group boss Herbert Diess and development board member Markus Duesmann, who is also Audi boss, want to convert Volkswagen into a mobility group that offers digital services in addition to electric vehicles and self-driving cars.
