Volkswagen's race with Tesla will be tight, Diess says

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The U.S. carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin, had the advantage of a blank slate start and a small number of models, Diess said, making it easier to scale.

But his own company Volkswagen was also speeding up, Diess said.

“There’s a lot coming from our side too… a lot of momentum. It will certainly be tight in coming years,” Diess said, speaking at a car industry conference in Bochum, Germany.