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Volkswagen’s exceptional auto cast Audi said on Tuesday it would advance 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization, and free driving.

Overall, the company’s absolute projected amount for the abutting bristles years amounts to 40 billion euros ($45.5 billion), the aggregation said in a statement. It additionally affairs restructuring measures that will accomplish 1 billion ($1.14 billion) in balance boost already in 2018.

Read more: Audi aloof appear a new electric abstraction car and its beauteous architecture rivals Tesla’s Model S

“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 Audi’s acting administration lath administrator Bram Schot.

“We are consistently prioritizing our assets for future-oriented articles and casework that are awful adorable and accordant to the market.”

(Reporting by Douglas Busvine; alteration by Thomas Seythal)

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