6/28, 1:34 PM (Source: TeleTrader)
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VW to narrow EV gap between Tesla this year - CEO

Volkswagen CEO Herbert Diess said on Tuesday that the company expects to narrow the gap between the firm and Tesla, Inc. in terms of electric vehicle production and sales by the end of 2022.

Diess also stated that despite the still considerable chip shortages and supply chain issues, the company is earning more than ever.

He added that with the easing of shortages, VW is planning to ramp up its production activities in Germany and China.

Baha Breaking News (BBN) / SP