Volkswagen Ready To Dominate EV Production And Finally Topple Tesla

Therecently revealed ID.Aero conceptis the latest step in Volkswagen's journey to dominate the electric vehicle industry. With a claimed range of 385 miles and elegant styling, it will arrive in 2024 to challenge the Tesla Model 3. Many automakers have said they intend to rule the EV roost and overtake Musk's car company as the segment leader but, up until now, there are no signs of that happening -unless you're VW, that is。

The automotive group is poised to surpass Tesla in global EV production in the next two years, with an industry analyst commenting that "automakers in Europe, China and elsewhere will continue to challenge Tesla via an impending wave of new models, though profit incentives are limited amid rising battery costs and a lack of scale."

But limited profit incentives don't seem to worry Herbert Diess, who recently saidthe company is flush with cash, reportsReuters。“我们比以往任何时候都挣得多,”他公司mmented. VW's CEO also spoke positively about EV production, noting that the automaker is increasing EV production in its biggest markets thanks to the easing chip crisis.

Diess says this should put Volkswagen at an advantage, allowing the German automaker to achieve its goal of becoming a market leader in electric vehicles. "Elon has to ramp up two highly complex factories in Austin and Gruenheide at the same time - as well as expand production in Shanghai. That is going to take strength out of him," he added.

While possible, VW has plenty of work to do before it can unseat Tesla from the EV throne, particularly in the United States.