Why Volkswagen's Plan to Beat Tesla Could Crush Other Electric-Car Stocks
Volkswagen (OTC: VWAGY) on Monday shared more parts of its plan to become the world's largest seller of electric vehicles (EVs) by mid-decade -- specifically, the parts that explain where all of the batteries will come from, and where all these new electric VWs will recharge.
While much of what VW announced is focused on Europe, it will have global implications, not only for VW, but also for all other companies that are already in or planning to enter the EV space. That makes the news important for investors holding EV stocks, especially stocks of small companies that are hoping for big growth.
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Source Fool.com
