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

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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

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