Volkswagen Group has just increased more Euros into their push to continue its leadership in Europe via a massive investment to the tune of EUR89 billion (approx. RM428 billion). The investment sees EUR60 billion allocated for e-mobility that includes hybrid technology as well as digitalisation.
The massive amount is spread over five years and it is not just about making next-generation vehicles, but also safeguarding around 130,000 jobs. Around EUR21 billion is set aside for ‘electrifying’ its European plants, particularly in the Lower Saxony region such as Wolfsburg, Hanover, Braunschweig and Osnabruck.
Said to be the Volkswagen brand’s flagship and technological showcase, Project Trinity will be manufactured in the heavily remodelled Wolfsburg plant that also houses the new Campus Sandkamp- a research and development centre.
The team of over 4,800 engineers will also harness all their talents and know-how to create the Scalable Systems Platform (SSP), a new, singular platform that will underpin all of the Group’s products with the first model to be available in showrooms from 2026. Faultless and regulatory-approved Level 4 fully autonomous drive and connectivity will be the key challenges in making the Project Trinity a reality.
Elsewhere, the Leipzig plant will add another electric model alongside the all-new Porsche Macan that will be fully electric, both made using the Premium Platform Electric (PPE) platform, while Audi Brussels, the pioneer in electromobility and sustainability for the brand with four rings, will commence the production of Audi Q8 e-tron in 2026.
Overall, the largescale investment is required to boost production and support the brand’s share of battery EVs in Europe to 25% by 2026 from 6% currently.
At the other end of the region, Volkswagen Group has set aside plans to build compact EVs and SUVs at its Spanish multi-brand facility in Martorell and Pamplona.
Volkswagen will also further boost its source of revenue, seeing a huge potential from software-based services. The remaining circa EUR30 billion has been earmarked for the digitalisation of products such as autonomous driving.