Home » Market News » DirectorsTalk Highlights » Audi announces €14 billion investment with focus on electric vehicles
Rainbow Rare Earths Plc

Audi announces €14 billion investment with focus on electric vehicles

The whole Volkswagen group is massively investing in electric vehicles as it is trying to move away from diesel vehicles.

Now Audi is making its part as it approves a new €14 billion investment plan in “electric mobility, digitalization and autonomous driving by the end of 2023.”
The German premium automaker announced today that the board approved the new investment plan, which involves “property, plant and equipment as well as research and development expenditure.”

Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.