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Ultimately, the Group plans to build an entire charging and power eco-system across the car, making certain convenient charging to customers and opening up further business opportunities. These applied sciences and services will turn into a core Volkswagen Group competency. Volkswagen has already earmarked €73 billion for future applied sciences from 2021 via 2025, representing 50% of complete investments. The share of investments into electrification and digitalization will be further elevated. The Group may also continue to lift efficiency and is on track to meet its 5% repair price reduction program that it set out for the following two years. Volkswagen is also committed to reducing materials costs by another 7% and is optimizing its ICE enterprise with fewer models, a decreased ICE drivetrain portfolio and a greater price mix.
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Nissan Reveals Electric Car Plan Worth Massive $18 Billion
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