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VW Cranks Up Electric-Car Plants to Overtake Tesla's Capacity

  • Two China factories will be able to make 600,000 EVs a year
  • Output at Anting, Foshan will start in about a year’s time
Bloomberg business news
VW Shows Off Electric Car to Take on Tesla
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In about a year, Volkswagen AG may catch up to Tesla Inc.’s capacity to make electric cars.

The world’s biggest automaker said Tuesday it’s building two plants in China to produce a total of 600,000 vehicles on its dedicated battery-car platform, dubbed MEB. The new factories in Anting and Foshan will open a few months after Germany’s Zwickau, which will assemble as many as 330,000 cars annually and is slated to get started by year-end.