The CEO of Volkswagen Herbert Diess announced his intentions to beat Tesla in the electric car market by 2025. Diess also predicted that supply chain shortages challenging EV manufacturers would be alleviated somewhat by mid-2022.

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Volkswagen Says It Aims to Beat Tesla in EV Market by 2025

the Ceo of Volkswagen now saying that he expects his company to be Tesla's share of the E. V. Market by 2025. Don't have much time to do it. So Ceo Herbert Diess said that he thinks Tesla will meet challenges as it tries to scale up production. Meanwhile, he said, Volkswagen expects supply chain shortages to be resolved soon and he told CNBC yesterday quote, I would say that we would see an alleviation of this situation towards the mid year or second half and we should be in better shape at the situation is not getting any worse, which I don't think so. So he's definitely staying positive. They're thinking we're at the end of the tunnel. But the auto industry as a whole has faced supply challenges since the start of the pandemic. And now electric vehicle makers are hard pressed to source batteries as raw material resources continue to be an increasing demand. You know, they can't even get, you know, enough materials to put out the vehicles that they're slated to put out every year. And so that's a big challenge for them. They're not seeing revenues as high as they should have been or as high as they were pre pandemic because of the supply chain issues that they're having