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Volkswagen: Difference between revisions
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April 18, 2023: Volkswagen's electric vehicles procurement and development centre in Hefei, China will cost the company 1 billion euros. The centre named "100%TechCo" will lower development times of new technology and products by around 30%. It will launch in 2024. | |||
March 14, 2023. Volkswagen announced that it will invest $192.6 billion (180 billion euros) between 2023 and 2027. More than a third of this will go to electrification and digitalization. Previously, Volkswagen budgetted to invest 159 billion euros between 2022 and 2026. 56% of this would have gone to future technologies. The new plan would mean that Volkswagen's average annual investment sum will increase from 32 to 36 billion euros. This is above the market expectations of 26 billion euros. VW expects Powerco to generate annual sales of more than 20 billion euros by 2030<ref>https://discord.com/channels/978370501237932092/1012303584446136380/1085153455775158332</ref>. | March 14, 2023. Volkswagen announced that it will invest $192.6 billion (180 billion euros) between 2023 and 2027. More than a third of this will go to electrification and digitalization. Previously, Volkswagen budgetted to invest 159 billion euros between 2022 and 2026. 56% of this would have gone to future technologies. The new plan would mean that Volkswagen's average annual investment sum will increase from 32 to 36 billion euros. This is above the market expectations of 26 billion euros. VW expects Powerco to generate annual sales of more than 20 billion euros by 2030<ref>https://discord.com/channels/978370501237932092/1012303584446136380/1085153455775158332</ref>. | ||