It’s like the old joke with the two hikers seeing a bear and realizing that you don’t need to be faster than the bear, just the other guy.
VW doesn’t have to be the best EV producer on the planet. They just need to beat the other producers not named Tesla to stay in the top few companies.
Of course the problem for them is different from Tesla’s. Currently they have the world’s largest ICE production that will anchor them finically unless they can scale it down on just the right speed.
The Chinese manufacturers are more in pure scale up mode which (plus huge government mandates to transition to EV) in my opinion, makes them the top challenger to Tesla.
VW doesn’t have to be the best EV producer on the planet. They just need to beat the other producers not named Tesla to stay in the top few companies.
Of course the problem for them is different from Tesla’s. Currently they have the world’s largest ICE production that will anchor them finically unless they can scale it down on just the right speed.
The Chinese manufacturers are more in pure scale up mode which (plus huge government mandates to transition to EV) in my opinion, makes them the top challenger to Tesla.