ŠKODA to invest USD2.96 billion on future tech over next five years

Corporate developments

More than 50% of investment to go to e-mobility

ŠKODA Auto, part of the Volkswagen Group, announced plans to invest around EUR2.5 billion (USD2.96 billion) over the next five years on future technologies, with more than half going to electric vehicle (EV) investment, according to a Reuters report on 24 March 2021

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload