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> And lets just DOUBLE our profit margin on electric vehicles LOL. When the competition is getting increasingly fierce Exactly! VW doubled it's share price th
by ckastner 6y ago
> And lets just DOUBLE our profit margin on electric vehicles LOL. When the competition is getting increasingly fierce
Exactly!
VW doubled it's share price this week after announcing their goals for 2025 [1].
For 2021, they are targeting 1m EV and hybrid vehicles.
VW is "building six battery factories in Europe alone".
[1] https://www.bloomberg.com/news/articles/2021-03-16/vw-eyes-global-electric-car-lead-by-2025-in-platform-push https://www.bloomberg.com/news/articles/2021-03-16/vw-eyes-g...
- vardump 6y ago"VW is "building six battery factories in Europe alone"." Interestingly VW's six factories by 2030 produce totally about as much (240 GWh) as Tesla's one Berlin factory, which is due to start limited battery production in 2023, starting at 100 GWh per year, later ramping up to 200-250 GWh.
- ckastner 6y agoThat's a significant counterpoint I wasn't aware of, thanks.
- new_realist 6y agoTesla's original "gigafactory" talked a big talk, too, but they only completed 30% of the building. The Tesla Berlin factory is "capable of over 100 GWh per year" with only vague Musk-promises of it going above that over time.