Volkswagen Devotes A Billion Dollars Towards Toppling Tesla

In about a year, Volkswagen AG may catch up to Tesla Inc.’s capacity to make electric cars.

The world’s biggest automaker said Tuesday it’s building two plants in China to produce a total of 600,000 vehicles on its dedicated battery-car platform, dubbed MEB. The new factories in Anting and Foshan will open a few months after Germany’s Zwickau, which will assemble as many as 330,000 cars annually and is slated to get started by year-end.

Truthy - 5/15/2019 12:57:07 PM

+1 Boost

Overcompensating for the diesel fiasco?

rockreid - 5/15/2019 4:54:04 PM

0 Boost

....And still no way to produce batteries in any great numbers. VAG’s 3rd party battery strategy has been a complete fiasco disaster.

MDarringer - 5/15/2019 7:26:53 PM

-2 Boost

It will take more than a billion.

carsnyc - 5/15/2019 8:11:00 PM

+1 Boost

Good luck with that

MDarringer - 5/16/2019 8:23:39 AM

0 Boost

I'd flat out require all EVs sold here to have to be built here.

SanJoseDriver - 5/18/2019 9:06:56 PM

+1 Boost

Why would you want to slow down the adoption of something that is better?

Hauerg - 5/19/2019 2:03:41 PM

+1 Boost

Sounding like an idiot or being one?
Tough choice.

MDarringer - 5/19/2019 2:49:32 PM

+1 Boost

So SJD if the Chinese flooded the US market with EVs and that killed Tesla, you'd be OK with that?

HoarEgg just shut up

SanJoseDriver - 5/27/2019 3:25:17 AM

+1 Boost

I haven't thought about that... I wouldn't be thrilled but if that happens it will have meant Tesla's mission of expediting EVs to market would be fulfilled. It would also mean Tesla got lazy or ineffective and was not able to out-compete and out-innovate Chinese companies, sucks for the US but as long as there was nothing shady or illegal that led to the win it would be fair.