Volkswagen is building an EV factory near Shanghai, should Tesla be worried?
https://www.cnet.com/roadshow/news/volkswagen-meb-factory-china-shanghai/
"Through Volkswagen's MEB platform, we will be able to easily produce state-of-the-art electric vehicles for our Chinese customers on a high scale," Herbert Diess, Volkswagen Group's board chairman, said in a statement. "The Volkswagen Group, its brands and their Chinese joint venture partners focus consistently on sustainable mobility and push the transformation of the automotive industry in China and worldwide. In this way, we emphasize the importance of the Chinese market for the Volkswagen Group."
The VW factory is being built to have a minimal impact on the environment with 27 different technologies being employed to reduce water pollution, carbon dioxide output and save energy. The facility will be built following the ideas behind "Industry 4.0" with a high degree of automation. Volkswagen says it will install more than 1,400 advanced robots to improve safety and efficiency.