Volkswagen being prepared to produce 50 million EVs: CEO
German automaker Volkswagen's CEO Herbert Diess on Monday said its electric vehicle platform and battery procurement plans are being prepared to handle production of 50 million vehicles. "We have bought batteries for 50 million vehicles," Diess added. However, a Volkswagen spokesperson said the number mentioned by Diess amounted to a theoretical long-term goal for its electric car platform.