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Škoda investing big in electric vehicles

Czech car producer Škoda has announced that it is investing two billion euros in the development of electric vehicles and automation.

Without such an investment Škoda, feels that it will not be able to ensure its compliance with newer European emission standards in the future.

For similar reasons the company is also expanding the data centre at its headquarters in Mladá Boleslav into the largest privately owned computing and data storage centre in the Czech Republic.

“The expansion of the data centre is proof that Škoda Auto is no longer just a car manufacturer, but is also one of the leading service providers for mobility in the Czech Republic,” explained Klaus-Dieter Schürmann, board member for finance and IT at Škoda.

The company expects to showcase an electric version of its CitiGo model (pictured above) by next year. The car will be available for pre-order in the first quarter of 2019, and is expected to have a range of 300 km. It also expects to have its all-new concept car, the Vision E – with a range of 600 km – on the market by 2020.

The development of electric vehicles is part of Škoda’s 2025 strategy, according to which the company’s focus has been placed on how to convert the profound change facing the automotive industry into continued growth using topics such as electromobility, autonomous driving and connectivity.

Photo: Škoda

Businesswire

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