VW Group CEO Herbert Diess says the transition to EVs is going as fast as it can
Diess highlighted the German conglomerate's investment in six battery manufacturing plants in Europe at a cost of2-3 billion each as an example. Late last week, the company confirmed that it would build one of these facilities in Spain to supply batteries to production lines building“Our goal is to be the world leader in EV sales by 2025.
We have a very ambitious plan to achieve that and have invested hugely to achieve it, but some analysts aren't taking the amount of effort required to achieve our goals seriously enough,” said Diess.to top EV sales by 2025, adding: “It will be a tight race. I have to say we didn’t expect our main US competitor to be so fast, and there's a step-change coming in their manufacturing capabilities, but we have more brands, from premium to mainstream, so we will keep the ambition.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Porsche Macan and Audi Q6 EVs: crucial sports SUVs land in 2023 | AutocarThe upcoming Porsche Macan EV and Audi Q6 E-tron – each technically unrelated to any existing models in their respective manufacturers’ portfolios – will represent the next step in the rapid electrification plans laid out by the two German marques
Read more »
Group offers support this Mother's Day for young girls, women who lost their momsMother's Day can be a very painful time for those who are grieving the loss of their moms. One organization is providing support for young girls and women who share this painful bond
Read more »
Supreme Court opinion leak is ‘catastrophic attack’: Dhillon law group partnerDhillon Law Group managing partner Harmeet Dhillon and Fox News contributor Tammy Bruce argue this ‘new method’ of intimidation is a ‘devastating’ blow to the integrity of the court.
Read more »
A Marvel Villain Group Butchered the Avengers & Made the World WatchIn Marvel’s future timeline of 2099, a mysterious group of villains called the Cabal not only butchered the Avengers but made the entire world watch.
Read more »
Conservative Group Plasters Anti-Liz Cheney Billboards Across WyomingThe conservative group Wyoming Values PAC is plastering anti-Liz Cheney billboards across Wyoming, encouraging voters to support her Trump-backed challenger Harriet Hageman.
Read more »
George Soros-backed political group supporting candidate in Arkansas prosecuting attorney’s raceA George Soros-backed political group has thrown more than $100,000 behind a candidate for prosecuting attorney in Little Rock, Arkansas, according to online records.
Read more »