German automotive giant Volkswagen announced on Monday that it plans to invest 22.8 billion euros to improve the operations of its leading automobile production plants from 2018 to 2022 with a focus on electric vehicles , BNR reported.
The focus of the investments, which are part of the company's strategy, known as Transform 2025+, will be on the further development of modular production, the continuation of model production and further efforts in the field of electric cars.
Volkswagen today presented a long-term cost program worth 34 billion euros, aimed at strengthening the company's position on the electric vehicle market.