FILE PHOTO: The revised logo of German carmaker Volkswagen AG is pictured during a preview of the world’s biggest automaker at the international Frankfurt Motor Show IAA in Frankfurt, Germany September 9, 2019. REUTERS/Wolfgang Rattay
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) will invest 60 billion euros ($66.12 billion) until 2024 to develop electromobility and digital technologies, the multi-brand car and truckmaking group said on Friday.
Volkswagen plans to build 75 variants of electric car and around 60 hybrid vehicle models, it said. By 2029 around 26 million electric cars will be built, of which 20 million vehicles will use VW’s electric MEB vehicle platform, the carmaker said.
Reporting by Edward Taylor, editing by Riham Alkousaa