If Tesla is the Apple of electric vehicles, VW could be the Samsung
Tesla s drivetrains are four or five years ahead, analysts say
Bloomberg
Print
Like Apple, Tesla has built a dominant brand with its own ecosystem that includes its own battery chemistry, electric motors and driver-assistance system. The Tesla Model 3 is shown.
Volkswagen Group laid out big plans on Monday to pass Tesla and becoming the world s largest maker of electric vehicles. Let me begin with the obvious: e-mobility has won the race, VW Group CEO Herbert Diess said at the company s Power Day event. It is the only solution to reduce mobility emissions fast.
Synopsis
The pivot won’t be cheap. VW announced it plans to build six battery factories across Europe by 2030, which BloombergNEF estimates would cost about $29 billion. It is also making investments in unifying the design of its battery and in recycling precious metals.
Reuters
Apple Inc. built an ecosystem that integrates hardware innovations such as processing chips and camera sensors with software lock-ins like the iOS operating system and the App Store.
“Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, CEO of Volkswagen AG, said on Monday. “It is the only solution to reduce mobility emissions fast.”
If Tesla is the Apple of EVs, VW is betting it can be Samsung techcentral.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcentral.co.za Daily Mail and Mail on Sunday newspapers.