Audi to sink in $15.9 billion into autonomous driving, digitalization and e-mobility

Audi is taking a very systematic approach to the future of mobility. On Tuesday, Volkswagen’s Audi stated, it would sink in $15.9 billion (14 billion euros) through 2023 in autonomous driving, electric mobility and digitalization. For the next five years, Audi has projected its total expenditure to be around 40 billion euros, said the carmaker…

Daimler AG deepens electric vehicle related collaboration with China’s BAIC Group

The development comes in the wake of Geely, BAIC’s rival, seeking to tap Daimler’s technologies in the area of self-driving technology, battery technology and automated, autonomous vehicles. On Thursday, Stuttgart, Germany, headquartered Daimler AG stated it would deepen its collaboration with China’s BAIC Group in the area of new energy vehicles. Daimler stated it has…