Late last week the Volkswagen Group outlined its investments over the next five years. A good portion is going to converting the VW factory in Hanover to produce the group’s next full-size luxury electric codenamed “Landjet,” according to a report from Handelsblatt.
This is part of the Project Artemis plan we talked about in July, when new Audi chairman Markus Duesmann said it will “implement a new lighthouse project for Audi in record time” and “a highly efficient electric car scheduled to be on the road as early as 2024.”
The first EV is an Audi more expensive than the A8, though there is no word if it will be a sedan or an SUV. It should go into series production by 2024, and the plan calls for a a Porsche and Bentley derivative to eventually follow it. All three will be produced at the same factory because “the production facilities in the existing Audi factories are too small for the Landjet,” said a group manager. Hanover is where VW produces the Transport van, hence its systems (painting, production) are suited for larger vehicles. Hanover is also the VW ID.Buzz’s future home.
Of the 73 billion euros VW Group plants to spend over the next five years, about 27 billion is going to new digital and electrified projects, according to Handelsblatt.
“In the next few years it will be important to take a leading position in vehicle software too,” said VW CEO Herbert Diess, who received support from the workers.
“The investments show impressively that our group delivers and is really serious about transformation, e-mobility and digitization,” said VW works council chairman Bernd Osterloh.
VW is developing 60 percent of the software in-house it needs in the future.
Volkswagen is planning to be carbon neutral by 2050, complying with the Paris climate agreement and is looking to have around 70 all-electric vehicles on the market by 2030. Another 60 hybrid vehicles are also planned brand-wide.
Part of the rest of that investment will flow to other VW Group factories including Wolfsburg, where it builds the Golf and Emden, East Frisia where the VW Aero will produced as an electric alternative to the Passat sedan.
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