Volkswagen to Build 22 Million EVs by 2029, Outpacing Tesla

  • Nick Jaynes has worked for more than a decade in automotive media industry. In that time, he's done it all—from public relations for Chevrolet to new-car reviews for Mashable. Nick now lives in Portland, Oregon and spends his weekends traversing off-road trails in his 100 Series Toyota Land Cruiser.

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Volkswagen revealed this month the construction of two new pure-electric vehicle plants in China. Together with its Zwickau, Germany plant, the Chinese plants in Anting and Foshan will enable the German automaker to produce as many as 930,000 battery electric vehicles (BEV) per year. All of which will be constructed on the brand’s new MEB pure-electric vehicle platform.

  • Volkswagen is building two new EV factories in China along with its EV factory in Germany.
  • The three facilities combined will allow VW Group to build 22 million EVs over the next decade.
  • VW has already received 15,000 orders for its still yet-to-be-built ID.3 EV.

All told, across its brand portfolio Volkswagen aims to produce 22 million electrified vehicles over the next decade. This figure will be comprised of 70 BEV models slated for release by 2028 across 12 of its brands.

This breakneck building pace and BEV lineup, if to come to fruition, would far outpace Tesla’s production goals. Currently, Tesla can build as many as 500,000 vehicles annually at its Fremont, California plant. It could build as many as 250,000 additional vehicles each year at its new Shanghai, China facility.

VW’s MEB platform will underpin dozens of new BEV models over the coming decade. | Photo: Volkswagen

 

“Volkswagen leads the competition on e-mobility,” VW CEO Herbert Diess said in speech. “As a company we’ll make a success of the electric car — with the right products, superior underpinnings and global economies of scale.”

The first vehicle to hit showrooms from VW’s BEV onslaught will be the ID.3, which the company began taking deposits for last week. It has already amassed 15,000 orders. European buyers had to plunk down 1,000 euros to reserve a spot for their ID.3, the official debut of which is scheduled for September.

Tesla isn’t taking the challenge from VW lying down. Company CEO Elon Musk has said he’s looking at constructing an assembly plant in Germany. What’s more, despite dwindling sales, Musk predicts Tesla will still deliver as many as 400,000 models in 2019.


About the Author

  • Nick Jaynes has worked for more than a decade in automotive media industry. In that time, he's done it all—from public relations for Chevrolet to new-car reviews for Mashable. Nick now lives in Portland, Oregon and spends his weekends traversing off-road trails in his 100 Series Toyota Land Cruiser.

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