Just like Samsung has an edge over Apple with its superior smartphone display, there is one area where VW may be ahead of Tesla: The German car maker has placed a big bet on next-generation lithium-ion batteries.
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BMW has a message for Apple: Bring it on! Chief financial officer Nicolas Peter said he is undaunted by reports that the world’s most valuable company could enter the car business.
Volvo’s entire car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of car makers planning to phase out fossil-fuel engines by the end of this decade.
Tesla’s years-long dominance of electric car sales may soon be over as traditional car makers introduce a slew of new battery-powered models, one of its German rivals said.
Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker’s battery technology, CEO Herbert Diess said.
Tesla’s market value soared past $540-billion this week — equivalent to 250 times its expected earnings this year — meaning it’s now the world’s 10th most valuable listed business.
Volkswagen’s ID.3 hatchback rose to the top of Europe’s electric-car sales charts a few months after hitting the market, narrowly beating a Renault model and trouncing Tesla’s Model 3.
Volkswagen’s new electric car panned by Germany’s leading test publication. Auto Motor und Sport said the ID.3 fell short of the car maker’s usual standards of fit and finish, and had a limited operating range,
Tesla shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric car maker and its traditional auto industry rivals.
It was sold as an all-or-nothing moonshot into space, the boldest pay package in corporate history. Now, with Tesla’s stock on a seemingly unstoppable rise, Elon Musk is poised to collect $2.4-billion.