Audi Sees Electric Vehicles as Profitable as Combustion-Engine Equivalents in Three Years
26 August 2021 - 10:57AM
Dow Jones News
By Markus Klausen
Audi said Thursday that it expects its electric cars to be as
profitable as vehicles with combustion engines in three years at
the latest.
In two to three years, profitability should at the same level as
petrol or diesel cars, Audi Chief Financial Officer Juergen
Rittersberger said.
From 2026, Audi has said that it will only launch new models
that are equipped with electric-drive systems.
The car maker will phase out production of its
internal-combustion engines between now and 2033.
However, the Chinese market will be an exception and Audi wants
to keep an open mind here in view of customer demand and
regulation, chief strategist Silja Pieh said.
"We will study the development of the market over the next few
years and then decide in due course how long we will continue to
run a China-specific combustion-engine portfolio," Ms. Pieh
said.
Write to unternehmen.de@dowjones.com
(END) Dow Jones Newswires
August 26, 2021 04:57 ET (08:57 GMT)
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