Volkswagen ramps up China electric car factories, taking aim at Tesla
Published Mon, Oct 28 20198:39 PM EDT
Key Points
1
https://www.cnbc.com/2019/10/29/vol...ectric-car-factories-taking-aim-at-tesla.html
- Volkswagen is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters.
- The German car maker is readying two Chinese factories to build electric cars next year. The Chinese plants will have a production capacity of 600,000 vehicles.
- This will enable Volkswagen to leapfrog Tesla and make China the key battleground.
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