Volkswagen Group raises investments in future technologies to EUR 73 billion

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Nicole Mommsen
Nicole Mommsen
Head of Global Communications and Sustainability Volkswagen Group Technology
Christoph Oemisch
Christoph Oemisch
Corporate Communications Spokesperson, Finance and Sales
Volkswagen Group
  • Planning Round 69 includes capex and R&D investments for electrification, hybrid powertrains and digital technology for the next five years
  • Share of investments in future technologies raised to about 50 percent out of the total EUR 150 billion from 40 percent in previous planning round
  • Investments in digitalization to be doubled to around EUR 27 billion

Wolfsburg. The Volkswagen Group is pressing ahead with its transformation into a digital mobility company. As decided in Planning Round 69, the Group will spend around EUR 73 billion on electrification, hybrid powertrains and digital technology over the next five years. This was announced following today’s Supervisory Board meeting. Investments in Capex and R&D for future technologies will be raised to 50 percent from 40 percent of the Group’s total investments of around EUR 150 billion. Investments in digitalization will double to EUR 27 billion by mid-decade, reflecting the Group’s strong focus on building up software capabilities. Approximately EUR 35 billion will be spent on battery-electric vehicles. A further approximately EUR 11 billion has been earmarked for the development of hybrid vehicles of existing models.

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Volkswagen Group raises investments in future technologies to EUR 73 billion
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