If Tesla Is the Apple of Electric Vehicles, Volkswagen Is Betting It Can Be Samsung

Bloomberg2021-03-18

The German giant is set to spend tens of billions of dollars trying to catch up with the U.S. automaker “Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, chief executive ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Hayz
2021-03-18
Hayz
Tesla has to keep ahead, or they will be just another EV company. Right now, I think Apple software is threatening, China is threatening with hardware pricing, others etc...etc....
Mccoy
2021-03-18
Mccoy
Competition is good for consumers
Kenwen
2021-03-18
Kenwen
Nio!!!
ytryy
2021-03-18
ytryy
Like and comment. Thanks
- thyash:
  commented
Zsz
2021-03-18
Zsz
Agree
25e24627
2021-03-18
25e24627
[邪惡]

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1153216866?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-18 13:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1153216866","market":"us","top_or_hot":-1,"title":"If Tesla Is the Apple of Electric Vehicles, Volkswagen Is Betting It Can Be Samsung","media":"Bloomberg","content":"<div>\n<p>The German giant is set to spend tens of billions of dollars trying to catch up with the U.S. automaker\n“Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, chief executive ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-16/if-tesla-is-the-apple-of-electric-vehicles-volkswagen-is-betting-it-can-be-samsung\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Tesla Is the Apple of Electric Vehicles, Volkswagen Is Betting It Can Be Samsung</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Tesla Is the Apple of Electric Vehicles, Volkswagen Is Betting It Can Be Samsung\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-16/if-tesla-is-the-apple-of-electric-vehicles-volkswagen-is-betting-it-can-be-samsung><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The German giant is set to spend tens of billions of dollars trying to catch up with the U.S. automaker\n“Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, chief executive ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-16/if-tesla-is-the-apple-of-electric-vehicles-volkswagen-is-betting-it-can-be-samsung\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VWAGY","symbol_name":"大众汽车ADR","start_time":0,"source_url":"http://bloomberg.com/news/articles/2021-03-16/if-tesla-is-the-apple-of-electric-vehicles-volkswagen-is-betting-it-can-be-samsung","article_id":"1153216866","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153216866","pubTimestamp":1616044680,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"The German giant is set to spend tens of billions of dollars trying to catch up with the U.S. automa","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VWAGY":"大众汽车ADR","VLKAY":"大众汽车","VLKAF":"Volkswagen AG","TSLA":"特斯拉"},"translate_title":"如果Tesla是电动汽车的苹果，大众则押注Tesla可以是三星","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9,"VLKAF":0.9,"VLKAY":0.9,"VWAGY":0.9},"content_text":"The German giant is set to spend tens of billions of dollars trying to catch up with the U.S. automaker\n“Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, chief executive officer of Volkswagen AG, said on Monday. “It is the only solution to reduce mobility emissions fast.”\nDiess was speaking at an event VW dubbed “Power Day,” where the company laid out its big plans for beating Tesla Inc. and becoming the world’s largest maker of electric vehicles. Instead of talking about cars, design, or other customer-facing features, however, most of the splashy event was spent on a boring-looking thing that goes inside EVs: the lithium-ion battery.\nThat’s because batteries make up more than 30% of an electric car’s cost. And with every automaker looking to pivot to EVs, it’s not just about getting batteries at the cheapest price possible but securing enough supply to meet those ambitions.\nThe pivot won’t be cheap. VW announced it plans to build six battery factories across Europe by 2030, which BloombergNEF estimates would cost about $29 billion. It is also making investments in unifying the design of its battery and in recycling precious metals. Investors liked the plan, pushing VW’s common shares up 3.6% Monday. They surged another 29% Tuesday morning.\nAnd yet, the world’s largest automaker is going to find it hard to beat Elon Musk. “Tesla will likely maintain its broad EV leadership,” Ben Kallo, an analyst at Robert W. Baird, wrote in a report. He walked away from VW’s hours-long presentation still viewing the Model 3 maker as having the upper hand with regard to batteries.\nVenkat Viswanathan, an associate professor at Carnegie Mellon University and an electric-vehicle expert, also thinks Tesla’s drivetrains comprising both batteries and electric motors are four or five years ahead of the competition. They offer “the highest driving range for the same battery capacity,” he said.\nBaird’s Kallo gives VW’s ambitions high marks—he’s just not convinced Musk will cede pole position. “We view Volkswagen as a potential leader in the ‘non-Tesla’ portion of the EV market,” Kallo wrote. “A non-Tesla EV ecosystem will emerge, similar to the non-Apple ecosystem in smartphones (i.e., Android).”\nApple Inc. built an ecosystem that integrates hardware innovations such as processing chips and camera sensors with software lock-ins like the iOS operating system and the App Store. It may have annoyed many users, but Apple has stuck with its proprietary lightning charging cable.\nTesla has done something very similar with EVs by developing its own battery chemistry, electric motors and driver-assistance system. It has also built a supercharging network other cars can’t use (at leastnot yet).\nGoogle’s Android operating system and Samsung Electronics Co. managed to carve out a significant share of the global smartphone market, but Apple became the world’s most valuable company by building a dominant brand and ecosystem for which consumers are willing to pay much more.\nThe conclusion Baird’s Kallo reached Monday is similar to one UBS AG analyst Patrick Hummel came to after his team completed a teardown of VW’s ID.3. “VW might not be the Apple, but the Samsung of the EV world,” he said earlier this month.\nJust like Samsung has an edge over Apple with its superior smartphone display, there is one area where VW may be ahead of Tesla. The German automaker has placed a big bet on next-generation lithium-ion batteries.\nIn 2012, VW invested in Silicon Valley startup QuantumScape Corp., which was building solid-state batteries that promised to increase driving range by as much as 50% and reduce charging times to 15 minutes. Though QuantumScape’s battery won’t be in a car before 2025, the company’s market value stands at about $23 billion—roughly a sixth of VW’s valuation.\nWhile Tesla has many battery innovations under its belt, from novel chemistry to more efficient production methods, it has not said anything about developing solid-state batteries.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":327323300,"gmtCreate":1616061436400,"gmtModify":1704790373579,"author":{"id":"3576709204489965","authorId":"3576709204489965","name":"Hayz","avatar":"https://static.tigerbbs.com/d87598e3b13004920f673918b320782e","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Tesla has to keep ahead, or they will be just another EV company.&nbsp; Right now, I think Apple software is threatening, China is threatening with hardware pricing, others etc...etc....&nbsp;&nbsp;","listText":"Tesla has to keep ahead, or they will be just another EV company.&nbsp; Right now, I think Apple software is threatening, China is threatening with hardware pricing, others etc...etc....&nbsp;&nbsp;","text":"Tesla has to keep ahead, or they will be just another EV company. Right now, I think Apple software is threatening, China is threatening with hardware pricing, others etc...etc....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327323300","repostId":1153216866,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327932450,"gmtCreate":1616047837870,"gmtModify":1704790191698,"author":{"id":"3574334422904887","authorId":"3574334422904887","name":"Mccoy","avatar":"https://community-static.tradeup.com/news/e8056450a938b10bf05b8fbc1f85e39a","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Competition is good for consumers","listText":"Competition is good for consumers","text":"Competition is good for consumers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327932450","repostId":1153216866,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327930232,"gmtCreate":1616047155526,"gmtModify":1704790183136,"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":9,"crmLevelSwitch":1},"htmlText":"Nio!!!&nbsp;","listText":"Nio!!!&nbsp;","text":"Nio!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327930232","repostId":1153216866,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327996213,"gmtCreate":1616046432232,"gmtModify":1704790178596,"author":{"id":"3566052363001307","authorId":"3566052363001307","name":"ytryy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like and comment. Thanks&nbsp;","listText":"Like and comment. Thanks&nbsp;","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/327996213","repostId":1153216866,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3823758,"gmtCreate":1616047108774,"gmtModify":1680780819121,"authorId":3569644034050237,"author":{"id":3569644034050237,"authorId":3569644034050237,"name":"thyash","avatar":"https://static.tigerbbs.com/00c7aa49b5147bedc14bb3cb0260dcce","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327996213,"type":1,"supId":0,"prevId":0,"content":"<u>commented</u>","text":"<u>commented</u>","html":"<u>commented</u>"}],"langContent":"EN"},{"id":327993480,"gmtCreate":1616046070940,"gmtModify":1704790174374,"author":{"id":"3577162823356617","authorId":"3577162823356617","name":"Zsz","avatar":"https://static.tigerbbs.com/71f20502a5ac8aec5b0d547f909943cc","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327993480","repostId":1153216866,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327993621,"gmtCreate":1616046059463,"gmtModify":1704790174213,"author":{"id":"3562062646632373","authorId":"3562062646632373","name":"25e24627","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"[邪惡]&nbsp;","listText":"[邪惡]&nbsp;","text":"[邪惡]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327993621","repostId":1153216866,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":33,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1153216866"}