Luxury carmaker Bentley on Tuesday unveiled plans to build a new electric model every five years since 2025, after rising annual profits following a push by British parent Volkswagen to expand its electric offering.
Crewe, Bentley of England, had a profit of 389 million euros by 2021, with a profit of 20 million euros (about 167 million) last year, after a 31 per cent increase in shipments to 14,659. cars in high demand for new hybrid models.
Automakers around the world are doubling their efforts to switch to electric models as the demand for more environmentally friendly machines grows. Bentley’s parent Volkswagen – Europe’s largest carmaker – is stepping up its investment in energy infrastructure to adopt Tesla.
Bentley itself aims to be carbon-neutral by 2030 by investing € 3 billion (around € 25.154 billion) in the Crewe plant to support this transition over a 10-year period.
“The growing demand for our hybrid models, backed by sustainable investments in our Crewe factory (€ 3 billion), will ensure that we continue to be a benchmark manufacturer in sustainable luxury mobility,” said Jan-Henrik Lafrentz, Finance and IT Board Member. Bentley.
© Thomson Reuters 2022
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