VW’s electric bet in China brings global muscle to zero-emissions race
Volkswagen readies mass production of EVs in bid to overtake Tesla
Volkswagen is ramping up production of electric cars to about 1-million vehicles by the end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla and making China the key battleground.
Volkswagen is readying two Chinese factories to build electric cars next year. The Chinese plants will have a production capacity of 600,000 vehicles, according to Volkswagen's plans, revealing VW’s ability to industrialise production faster than other pioneers in the electric vehicle market...