Nov. 12 (UPI) -- Volkswagen plans to build 50 million electric vehicles and has bought batteries for the plan, the automaker's CEO said Monday.
Volkswagen announced this year it's prepared to commit to electric models of all 12 of its brands by 2030. Chief executive Herbert Diess said Monday the automaker will spend $56 billion on batteries for the vehicles, and the company plans to surpass electric car rivals, including Tesla, in sales and quality.