Volkswagen Eyes to Overtake Tesla in E-car Segment

Bernd Osterloh, council chairman of Volkswagen AG, claimed that the company is closing the gap with Tesla and might overtake it in terms of e-car manufacturing and software development. Osterloh, in an interview with Welt am Sonntag, said that if Tesla through 3 factories could produce up to 500,000 cars then Volkswagen aimed to produce about 1.5 million. He also said Volkswagen is eyeing to achieve the target by 2023.