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If Tesla Is the Apple of Electric Vehicles, Volkswagen Is Betting It Can Be Samsung

The German giant is set to spend tens of billions of dollars trying to catch up with the U.S. automaker

Electric Volkswagen AG Automobiles in the Automaker's Delivery Towers Ahead of Earnings
Photographer: Liesa Johannssen-Koppitz/Bloomberg
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“Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, chief executive officer of Volkswagen AG, said on Monday. “It is the only solution to reduce mobility emissions fast.”