News
VW CEO Expects Tight Battles To Overtake Tesla In EV Sales By 2025
Volkswagen Group CEO expects tight battles to overtake Tesla in Electric Vehicle (EV) sales by 2025.
He noted that VW Group has bigger advantage, thanks to its bigger product offering as well as volume brands.
Tesla opened its first European gigafactory in Germany in March, to challenge VW and Mercedes on their home turf.
“It will be a tight race but we won’t give up on it. I have to say we didn’t expect our main U.S. competitor to be so fast and well-prepared.”
Elon Musk test drives Volkswagen ID.3 all-electric car.
The executive added that Volkswagen Group’s bigger product offering covering luxury and premium cars as well as volume brands could represent a key advantage over Tesla in the German automaker’s quest to become the world’s top electric vehicle maker by 2025.
On March 22, Tesla officially opened its first European gigafactory near Berlin, challenging Volkswagen, BMW, and Mercedes-Benz on their home turf. At the time, Diess said he expected Tesla’s ramp-up to be challenging, but that is something normal for a brand-new plant.
-
Latest Cars1 week agoAll-New 5th-Gen BMW X5 Adopts Neue Klasse Design, Introduces Electric iX5
-
Tech1 week agoSoon, Older Teslas Will Also Have Access To Tesla FSD, Although They Will Be “Lite”
-
Autoshows & Awards1 week agoToyota GR GT, GR GT3 And Lexus LFA Concept Set For European Debut At Goodwood Festival Of Speed
-
News1 week agoVolkswagen Is Reportedly Ending A €1.5 Billion Autonomous Vehicle Project
-
News1 week agoAudi Nuvolari, First Customer Koenigsegg Gemera, Track-bred 2027 GRMN Corolla, Color-Changing Defender, News In June
-
News1 week agoLexus Has Lost Its Position As The Leader In Initial Quality. This Brand Surpassed It
-
News1 week agoHonda’s Boss Says Nissan Deal Is Close To Completion
-
News1 week agoJim Farley Claims That Ford Needed Four Years To Resolve Its Quality Problems