Volkswagen's race with Tesla will be tight, Diess says
Reuters
Published Jun 01, 2022 04:18AM ET
BERLIN (Reuters) - Tesla (NASDAQ:TSLA) works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen (ETR:VOWG_p)'s chief executive said on Wednesday.
The U.S. carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin, had the advantage of a blank slate start and a small number of models, Diess said, making it easier to scale.
But his own company Volkswagen was also speeding up, Diess said.
"There's a lot coming from our side too... a lot of momentum. It will certainly be tight in coming years," Diess said, speaking at a car industry conference in Bochum, Germany.
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Written By: Reuters
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