VW's Diess sees tight race with Tesla for EV crown

VW CEO Diess — Diess: "I have to say we did not expect our main U.S. competitor to be so fast and well-prepared." (REUTERS)

By:

Reuters

May 09, 2022 12:35 PM

FRANKFURT -- Volkswagen Group faces a tough road ahead to reach its self-imposed target of becoming the world's largest seller of electric vehicles by 2025, CEO Herbert Diess said on Monday, admitting rival Tesla was stronger than expected.

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