Volkswagen will allocate 800 million to fight Tesla in the US

Volkswagen will allocate 800 million to fight Tesla in the US

Tesla in Poland and Volkswagen in the USA. The German company probably does not like the fact that Tesla is growing in the USA without much competition, which is why it decided to expand its business there, allocating almost a billion dollars to expand the existing factory.

VW thus confirmed the latest reports according to which the company is preparing to fight on the EV market, cutting costs in other segments. This plan has clearly gone into motion, as the Chattanooga manufacturing plant in the US will experience a massive $ 800 million upgrade over the next several months. All this to start the production of next-generation electric cars from 2022. One of the first is to be the following ID CROZZ 2022 SUV:

This gem is designed to be a compact SUV that will offer competitive interior space for traditional mid-range SUVs. Although in the United States it will not enter the market until 2022, Europeans will be able to enjoy it as early as 2020. Volkswagen plans to sell 150,000 electric cars by the end of 2020 and a million by 2022.

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Also read: Tesla is slowly entering the Polish market

Source: Wccftech


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