ŠKODA AUTO invests tens of millions into EVs

Published: 09.04.2018 Related countries:  United Arab Emirates United Arab Emirates

ŠKODA AUTO plans massive changes in the coming years. In the next five years ŠKODA AUTO invests roughly two milliard euros in the development of alternative drive technologies and new mobility-related services.

The carmaker will invest primarily into the development of electric mobility. By 2025, the company, a member of Volkswagen group, wants to boost production to 2 million vehicles p.a. and present totally 19 new or upgraded models. All models will be available in electric versions.