German carmaker Audi is set to advance £12.5bn over the abutting bristles years on electric advancement and self-driving cars as it affairs to adapt its business for the technologies abstraction the approaching of the automotive industry.
The Volkswagen Group-owned architect will addition its spending from the alpha of 2019 to accomplish advances in digitalisation and free driving, as able-bodied as the electrification of new cars.
Investments will additionally be fabricated in property, plants and equipment, as the aggregation affairs to access its analysis and development expenditure.
“This planning annular bears a bright signature: we are demography a actual analytical access to electric advancement and will be abundant added focused in future,” said Bram Schot, acting administrator of Audi’s administration board.
“We are consistently prioritising our assets for future-oriented articles and casework that are awful adorable and accordant to the market.”
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