Volkswagen AG said Tuesday that it would spend $193 billion on software, battery factories and other investments as it aimed to make every fifth vehicle it sold electric by 2025.
🔌🚘 “For me, it is important that we have a clear orientation of where we are going,” Oliver Blume, Volkswagen’s CEO, told reporters, adding that 2023 would be “a decisive year” for the company.
🔌🚘 “We must transform ourselves into a technology and mobility services group,” Arno Antlitz, Volkswagen’s chief financial and operating officer, said at the Tuesday media event. “We need to focus on our platforms, such as our hardware for battery-powered electric vehicles, a unified software stack, batteries, mobility, autonomous driving.”

https://www.spokesman.com/stories/2023/mar/14/volkswagen-will-invest-193-billion-in-electric-car/

#hardware #software #Volkswagen #batterypowered #electric #vehicles #unifiedsoftware #softwarestack #batteries #mobility #autonomousdriving

Volkswagen AG said Tuesday that it would spend $193 billion on software, battery factories and other investments as it aimed to make every fifth vehicle it sold electric by 2025.
🔌🚘 “For me, it is important that we have a clear orientation of where we are going,” Oliver Blume, Volkswagen’s CEO, told reporters, adding that 2023 would be “a decisive year” for the company.
🔌🚘 “We must transform ourselves into a technology and mobility services group,” Arno Antlitz, Volkswagen’s chief financial and operating officer, said at the Tuesday media event. “We need to focus on our platforms, such as our hardware for battery-powered electric vehicles, a unified software stack, batteries, mobility, autonomous driving.”

https://www.spokesman.com/stories/2023/mar/14/volkswagen-will-invest-193-billion-in-electric-car/

#hardware #software #Volkswagen #batterypowered #electric #vehicles #unifiedsoftware #softwarestack #batteries #mobility #autonomousdriving