Volkswagen’s race with Tesla will be tight, Diess says
2022.06.01 11:31
Volkswagen CEO Herbert Diess looks on during his visit to Volkswagen’s electric car plant in Zwickau, Germany, June 23, 2021. REUTERS/Matthias Rietschel
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.
