Volkswagen AG is ramping up production of electric cars to around 1 million vehi...
) is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground.
The scale and speed of VW’s electrification push marks a shift in favour of established manufacturers that can use existing factories and profit from combustion-engined sport utility vehicles to scale up faster than startups. The Wolfsburg, Germany-based carmaker is retooling eight plants across the globe by 2022 to specialise in manufacturing electric cars, and license its electric MEB platform to rivals, senior VW executives told Reuters, putting it on track to become the world’s largest maker of zero-emission vehicles.
The powerstation that supplies energy for VW’s flagship e-vehicle factory in Zwickau, Germany, marked by two tall chimneys, was built to power production of the combustion-engined Volkswagen Golf. Back in 2016, Tesla said it wanted to build more than 500,000 Model 3 cars by 2018, a goal it has failed to meet. This year it expects to deliver 360,000 to 400,000 cars, a target that includes selling all models.
Volkswagen is converting two German plants, Hanover and Zwickau, to build electric vehicles and will retool other factories including plants in China: Foshan which VW runs together with its joint-venture partner FAW-Volkswagen, and another in Anting, which VW runs together with SAIC.
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