Monday , April 19 2021

Politika Online – Volkswagen invests 44 billion euros in electric cars



Volkswagen plans to invest 44 billion euros in electric cars, digitization, autonomous steering and new mobility services by 2023 at the turn of Europe's largest carmaker.

The German company also announced that it plans to increase the productivity of its factories by 30% by 2025, producing more vehicles of different brands on the same production line, Reuters reports.

This will help reduce the proportion of capital costs in the BMW Group's automotive division to six percent of revenue from 2020, the statement added.


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