Greener Living
Volkswagen Delays Key EV Project as Tesla Challenge Stumbles
- CEO Blume said to push back Trinity project by several years
- Company may also scrap plans for a €2 billion plant in Germany
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Volkswagen AG’s ambitious push to supplant Tesla Inc. as the global electric-vehicle leader is running into trouble.
Chief Executive Officer Oliver Blume plans to push back the key Trinity battery car project from 2026 toward the end of the decade because new software won’t be ready in time, according to a person familiar with the matter. The company may also scrap plans for a €2 billion ($2.1 billion) EV factory in Germany, the person said, asking not to be named because the discussions are private.