News > VW lays out aggressive strategy to counter Tesla with its own 'gigafactories' and investments in charging infrastructure

VW lays out aggressive strategy to counter Tesla with its own 'gigafactories' and investments in charging infrastructure

VW announced the plans at its first "Power Day" presentation on Monday, which emulated Tesla's previous "Battery Day" events. During the live stream, executives said the company plans to build six battery-production plants in Europe by 2030 in order to secure battery supply.

VW plans to invest €400 million, or about $477 million, to quintuple the number of fast-charging points in Europe by 2025.