Volkswagen’s CEO said alleviating supply chain issues would likely help create some momentum for the German auto giant in the coming months.
"I think for Tesla, also, ramping up now will probably be a bit more challenging. They are opening up new plants and we are trying to keep up speed. We think in the second half of the year, we are going to create some momentum," Diess said.
Shortages of critical supplies, particularly when it comes to battery production, are expected to be an ongoing constraint for the growth of electric vehicle sales in the years ahead.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The German Billionaires With a Grotesque Antisemitic HistoryWhen 'Nazi Billionaires' author davidthejong first began his research into the histories of uber-rich German business owners, he had no idea their crimes would be as blatant, and horrible, as they were
Read more »
The world's car buyers are ready to go electricConsumer interest in electric vehicles has hit a global tipping point, with more than half of car buyers saying they want their next car to be an EV. But Americans still aren't as enthusiastic as consumers in Europe and Asia.
Read more »
Vision AMG: Mercedes reveals the concept for its first sports EVGerman carmaker Mercedes has revealed its new Vision AMG concept car, as a part of the company's going all-electric by 2030 plan.
Read more »
VW's Supervisory Board Wants More Ambitious Software Plans | CarscoopsThe Volkswagen Group's Cariad division is central to its push towards autonomous vehicles
Read more »
China May Extend EV Subsidies Due To Falling Car Sales | CarscoopsChina had originally planned to scrap its subsidies for electric vehicles this year
Read more »
Hyundai Plans $5 Billion Investment in U.S. on Mobility Technology Such as Autonomous Driving and RoboticsThe operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles,
Read more »