If Tesla is the Apple of electric vehicles, Volkswagen is betting it can be Samsung

Volkswagen laid out its big plans for beating Tesla Inc and becoming the world’s largest maker of electric vehicles. Instead of talking about cars, design, or other customer-facing features, however, most of the splashy event was spent on a boring-looking thing that goes inside EVs: the lithium-ion battery. — Reuters

“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.”

Diess was speaking at an event VW dubbed “Power Day”, where the company laid out its big plans for beating Tesla Inc and becoming the world’s largest maker of electric vehicles. Instead of talking about cars, design, or other customer-facing features, however, most of the splashy event was spent on a boring-looking thing that goes inside EVs: the lithium-ion battery.