Volkswagen decided to become a major software manufacturer

Volkswagen decided to become a major software manufacturer

November 17, 2020 0 By autotimesnews

With the launch of its Volkswagen ID.3 electric hatchback, the German automaker faced a major software problem. All this slowed down the entry of the novelty into the market. Now the Germans have decided to produce software themselves.

In the next five years, Volkswagen will change the main vector of financing: the Germans will make software development a priority, not the production of electric cars.

Thus, the new investment plan of the company, designed for five years, implies investments in the amount of 150 billion euros. Moreover, most of the spending will fall on digital technologies. Funding for electric cars will remain at almost the same level.

In general, by 2030, the German automaker is going to produce about 26 million electric vehicles for all its brands.

Among them are luxury Porsche and Bentley, as well as more budgetary Volkswagen, Skoda and Seat.

Earlier, our portal said that the Nuro startup will receive an additional $ 500 million in investment. This company is developing “robotic vehicles”. Such transport feels great in the field of delivery.