Audi Invests €12 Billion in Electric Vehicles

The German automaker invested €37 billion for the years 2020 through 2024, €12 billion reserved for electric vehicles. They plan to expand their fleet, bringing more than 30 electrified models, of which 20 will be all-electric.

To deal with this investment, Audi announced the cutting of 9,500 jobs from its German factories until 2025 but said that the new production of electric vehicles would add 2,000 jobs.

Audi’s focus on the production of premium electric vehicles, such as Q4 e-Tron SUV, and affirms that the company’s plans are accelerated to meet the deadline.

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