November 15, 2019 / 12:55 PM / 3 months ago

UPDATE 1-Volkswagen to invest 60 bln eur in e-mobility, digital tech by 2024

* VW to build 75 different versions of electric cars

* VW to make 20 million vehicles based on its MEB platform

* VW to retool its Emden plant to build an electric SUV (Adds details)

FRANKFURT, Nov 15 (Reuters) - Volkswagen will invest 60 billion euros ($66.12 billion) by 2024 to develop electric and hybrid cars as well as digital technologies, the multi-brand car and truckmaking group said on Friday.

Volkswagen plans to build 75 variants of electric car and around 60 hybrid vehicle models, it said. By 2029 around 26 million electric cars will be built, of which 20 million vehicles will use VW's electric MEB vehicle platform, the carmaker said.

Volkswagen plans to retool its plant in Emden, Germany to build an electric sports utility vehicle (SUV) from 2022 onwards, and a decision on where to locate a new factory will be taken by year-end, the carmaker said.

$1 = 0.9074 euros Reporting by Edward Taylor, editing by Riham Alkousaa and Michelle Martin

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