Volkswagen boss Herbert Diess has announced that the German automaker will upgrade its biggest plant, in fact, the world's largest, to compete with Tesla's upcoming Giga Berlin electric car plant.
At an in-house video conference, days said the automaker will upgrade its Wolfsburg plant, where it will produce 800000 vehicles a year, equipped with cutting-edge electric vehicle technology and software divisions.
The plan aims to achieve Tesla's goal of building an electric car in 10 hours, according to people familiar with the plan, according to the company.
It takes the news agency half the time to build golf. The German automaker launched a new all electric ID series this year, starting with the id.3 electric cabin door and then id.4 electric SUV.
It's not clear whether that means VW plans to double the number of cars in its factories, or whether it plans to convert them completely into electric vehicles at its Zwickau and Emden plants.
Diess yesterday won a vote of confidence from the automaker's board in support of its plans to move into electric and digital mobility. He previously said the group plans to produce 22 million electric vehicles by 2030.
Volkswagen shares surged 8.48 per cent to $18.30, or $24.21, on news that the board supported day and decided to remain chief executive despite being refused an early renewal.
Tesla, by contrast, is preparing to build two more electric car plants in Berlin, Germany, and Austin, Texas. In addition, the company will begin to produce and sell y-cars at its Shanghai plant and keep pace with China's model 3 production line.
The company expects to deliver a total of 500000 vehicles by 2020, and it is reported that it has offered free supercharging to us buyers who can deliver model 3 and model y by the end of the year to support final sales figures in 2020.
Tesla will have to increase production by 17% every quarter to meet its commitment of 500000 vehicles.
For the first time in Tesla's history, Elon Musk, Tesla's boss, said in an email to employees on Tuesday that for the first time in Tesla's history, it would be tough but super exciting. When Tesla was founded 16 years ago, he never thought that they would make it to this day, but thanks to your hard work and ingenuity, we actually had the opportunity to produce 500000 cars in a year.
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