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  • By the end of 2022: more than EUR 34 billion is planned for the development of electric mobility, autonomous driving, new mobility services and digitalization
  • Planning round determines Group-wide plant and workforce assignment: First series production of electric vehicles on MEB platform in Europe to be launched at Zwickau site
  • Financial markets react positively to the Group's strategic focus: Volkswagen's share price back at pre-crisis level in early November
  • CEO Matthias Müller: "We are reinventing the car. To achieve that, we are making targeted investments to provide the necessary funds from our own resources."

The Volkswagen Group has today laid a key foundation for the future direction of the Group, this underpinning its strategic goals until 2025. In order to further enhance its powerful innovation and technology resources, the Group will invest billions of euros in electric mobility, autonomous driving, new mobility services and digitalization over the coming years. According to the outcome of the Group's planning round for 2018 to 2022, which the Supervisory Board of Volkswagen Aktiengesellschaft discussed at its meeting today, expenditure totalling more than EUR 34 billion are to be made in these future technologies by the end of 2022. Most of this will go into the electrification and hybridization of all Group models. This marks another significant step up in Volkswagen's commitment to this environment-friendly drive technology and a move to advance the Roadmap E electrification offensive at full speed. When the offensive was announced in September, the Group said it would electrify its entire model portfolio by 2030. 

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Eric Felber
Head of Corporate & Business Communications
Tel. +49 (0) 5361 / 9-87575
Andreas Hoffbauer
Spokesperson Finance
Tel. +49 (0) 5361 / 9-31330