VW spends €60 billion for electromobility, digitisation R&D

November 18, 2019 // By Christoph Hammerschmidt
VW to spend €60 billion for electromobility R&D
As part of its current planning round, Volkswagen plans to spend almost 60 billion euros in the coming years on investments in hybridisation, electromobility and digitisation. The vehicle manufacturer also wants to get involved in the semiconductor sector.

The investments now announced represent just over 40 % of Volkswagen's investments in property, plant and equipment and the total research and development costs in the planning period. This represents an increase of around 10 percentage points compared with the Group's previous planning round. The Group plans to spend around €33 billion of this on electric mobility alone.

"In the following years, our investments will once again increase the pace for the development of new technologies. Hybridization, electrification and digitization of our fleet are becoming an increasingly important focus," said Herbert Diess, Chairman of the Board of Management of the Volkswagen Group.

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