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Volkswagen to invest $66 billion in e-mobility, digital tech by 2024

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Volkswagen will invest 60 billion euros ($66.12 billion) by 2024 to develop electric and hybrid cars as well as digital technologies, the multi-brand car and truckmaking group said on Friday. Volkswagen plans to build 75 variants of electric car and around 60 hybrid vehicle models, it said. Volkswagen plans to retool its plant in Emden, Germany to build an electric sports utility vehicle (SUV) from 2022 onwards, and a decision on where to locate a new factory will be taken by year-

Continue reading Volkswagen to invest $66 billion in e-mobility, digital tech by 2024

Volkswagen to invest $66 billion in e-mobility, digital tech by 2024 originally appeared on Autoblog on Fri, 15 Nov 2019 08:46:00 EST. Please see our terms for use of feeds.

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