VW looks to overtake Tesla

Posted on 16 Jun 2017 and read 257 times
VW looks to overtake TeslaVolkswagen (www.vw.com) says it is confident that it can overtake California-based Tesla to become the world leader in the electric-vehicle market.

The German car maker has set itself a target of one million electric-car sales by 2025, according to the Financial Times. However, Tesla has already said that it will produce one million vehicles by 2020.

At a press conference, VW brand chief Herbert Diess said that the company will concentrate on improving its profitability by cutting costs and enhancing productivity before 2020, after which it will shift its focus to manufacturing electric vehicles.

He said that VW will be able to use “leap-frogging cost advantages to profitably sell electric cars at the same price as diesel models go for today”.

Be seen in all the right places!

MTA Vietnam 2017 IMTOS (India Machinne Tools Show) 2017 Northern Manufacturing 2017 Midest 2017 MTA Hanoi 2017 MATOF 2017 - Korea Int'l Manufacturing Technology Advanced Engineering UK 2017 Metalex 2017 EUROTOOL 2017 Engimach 2017 Machine Tool Indonesia 2017 MACH 2018