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On May 24, Audi announced the strategic restructuring plan to accelerate the implementation of the electrification strategy and the comprehensive decarbonization plan at the 130th annual general meeting of the management board in Necasum, Germany.

Audi plans to reduce carbon dioxide emissions from vehicles by 30% from 2015 to 2025 from its sustainable development plan.

As a result, it has been announced that more than 30 electric models will be launched between 2025. Including 20 so-called pure electric models, and will also expand the coverage of plug-in hybrid models. And Audi plans to launch three compact models based on the MEB modular electric drive platform. In addition, Audi is also promoting the development of Volkswagen fuel cell models.

Audi has launched a comprehensive electrification plan and raised its forecast for sales of pure electric and plug-in hybrid models, which are expected to account for 40 per cent of global sales by 2025. Previously, Audi only expected electric cars to account for 20% to 30% of global sales by 2025.

To promote further development plans, Audi plans to invest 40 billion euros in fixed assets and plant equipment as well as research and development by the end of 2023, including about 14 billion euros for electric travel, digitization and self-driving. Audi relevant person in charge said: "the way of strategic restructuring, can save Audi planning costs." As early as 2018, Audi carried out a transformation plan to save a total of 15 billion euros from 2018 to 2022.

Audi expects sales to increase slightly this year. Taking into account the impact of the implementation of global light vehicle test procedures and high upfront investment in cutting-edge technologies, the operating and sales return for the 2019 transition period is expected to be between 7.0% and 8.5%, still below the long-term target range of 9.0% to 11.0%. Audi expects net cash flow to be between 25 and 3 billion euros in 2019.

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