Three key modules to support the transformation
The automotive industry is currently undergoing a massive transformation. Beyond the vehicles themselves, aspects such as digitalization, automation, and connectivity are revolutionizing production processes and business models. These developments are accompanied by a structural shift that will extend not just over the next few months, but for years to come.
In 2020, the German government responded to these challenges with a multi-billion euro economic stimulus package. Now, the focus is shifting to the concrete implementation of this promise. The detailed funding framework, recently presented, aims to translate this financial commitment into specific projects and measures.
The funding program is divided into the following modules:
- Module A: Modernizing production as a boost for productivity and resilience
- Module A1: Production Investment Program
- Module A2: Research and Development Program Production
- Module B: New, innovative products as the key to vehicles and mobility of the future
- Module C: Finding common solutions, building regional innovation clusters
In addition to its direct focus on the automotive industry, the funding framework also highlights the rail industry, which will benefit from these initiatives. The plan envisions establishing large research clusters that will promote and implement innovative technologies in both the automotive and rail sectors.
Source: BMWK
