Volkswagen corporate executive says he needs to ‘get shut then overtake’ Tesla

Volkswagen Group’s CEO has fired the notion that his firm may work with Tesla, telling that the German automotive big was trying to travel its own way

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Speaking to “Squawk Box Europe” on Tuesday, Herbert Diess was asked if he would rule out any future trot Elon Musk’s motorcar maker, during which VW could manufacturer its cars, or if the Tesla and VW brands would ever unite.

“No, we tend to haven’t thought-about (that), we are going our own way,” he replied. “We wish to induce close and then overtake.”

“We assume that we can – we want our own software system stack, our own technology,” he added. “And also, I believe Tesla, or Elon, is incredibly a lot of thinking … (about) his manner forward. therefore no, there aren’t any talks between Elon Musk and myself concerning the change of integrity forces.”

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The shift focused on electrical vehicles comes at a time once authorities around the world are trying to extend the quantity of low- and zero-emission vehicles on their roads during a bid to tackle pollution and move removed from the interior combustion engine.

The U.K., for example, has proclaimed plans to stop the commerce of new diesel and fuel (gasoline) cars and vans from 2030. The European Commission’s “Sustainable and good quality Strategy,” meanwhile, wants a minimum of thirty million zero-emission cars on the road by 2030.

It’s against this scene that VW, and plenty of alternative major carmakers, are trying to contend with — and eventually challenge — Elon Musk’s Tesla.

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On Monday, VW proclaimed plans to establish six “Gigafactories” in Europe by the tip of the decade and build up charging infrastructure in Europe, North America, and China.

On the battery front, the Wolfsburg-headquartered company will specialize in the event of a “new unified cell” that is slated to be rolled out in 2023 and used in up to 80% of the group’s electrical vehicles by 2030.

In his interview with CNBC, Diess same future fifteen years would see electric Automotives take the lead and software systems to become the core driver of the automotive industry. He foresaw that cars would become autonomous at intervals in a similar timeframe.

“To manage this transformation is perhaps the foremost necessary task we tend to are facing,” he explained. “And we expect we are on the way, we are creating smart progress.”

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On the gap between what Tesla and European carmakers are doing, and whether or not it is often bridged, Diess was also upbeat.

“I think so because you know, the race is open – this can be not the business that you’ll conquer at intervals a couple of years or so, this is not tech,” he said.

“So you would like life cycles, you need a product, you need plant capacities, you need a market, you need to earn the trust of the customer,” he added.

“So this is a protracted run and yes, there are a few startups which we are looking closely and Tesla, as expected, is … within the lead in some aspects there. however, we don’t seem to be to this point behind and that we are gaining momentum.”

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