Porsche and Audi, Volkswagen’s primary extravagance auto divisions, plan to build up a joint stage for electric vehicles that will empower them altogether cut down on costs, German daily papers cited their CEOs as saying.

Rupert Stadler, chief executive officer of Audi told the Stuttgarter Nachrichten and the Stuttgarter Zeitung that, “By 2025, we’re facing a low single-digit billion euro sum to develop the architecture.”

Oliver Blume, chief executive officer of Porsche 300 said, “If both would act on their own, costs would be 30 percent higher,” He also added the Porsche was hiring 300 developers and Audi was hiring 550 developers for the joint project.

From 2021 onwards, the two organizations need to convey a few models to the streets in view of the joint stage, with Stadler saying that would assemble two vehicle autos in Neckarsulm and two sports utility models at its Ingolstadt base.

Porsche’s Blume said the sportscar producer could construct its first model in light of the joint engineering in Leipzig, where it is as of now collecting its Macan don utility model. “I currently see good chances for Leipzig,” Blume said.