Berlin, Germany – The Volkswagen Group, the European automotive manufacturing giant, has unveiled an ambitious investment plan worth $186 billion (approximately €177 billion).
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This is with the aim of accelerating the pace of technological transformation until 2030.
This announcement came from the group’s CEO, Oliver Blum.
He confirmed that the majority of this amount would be directed towards development
Expanding the group’s main strategic axes: digitalization, electricity, and batteries.
Fundamental transformation
These investments are proof of Volkswagen’s determination to be
at the forefront of competition in the era of electric cars and advanced software.
Bloom noted that approximately two-thirds of the total amount
will be specifically allocated to future technologies and products.
With a focus on building the group’s own battery factories.
The group’s plans to secure battery supplies and develop cell technology are a crucial element.
It seeks to reduce reliance on external suppliers and ensure the stability of the supply chain.
Enhancing efficiency and growth
This investment plan aims not only to develop products,
Also, to enhance operational efficiency and reduce unnecessary
expenses across the group’s various departments.
Which includes major brands such as Audi, Porsche,
and Skoda, along with the core brand Volkswagen.
In a related context, Bloom added that the large investment
aims to ensure strong profit margins and sustainable growth in all global markets.
In conjunction with working to accelerate the launch of new
and software-enhanced electric vehicle models.
Therefore, this step is necessary to counter the intense competition.
Especially from emerging American and Asian companies in the electric mobility sector.
