VW CEO Herbert Diess on Electric Cars and Effects of Trade War

The transcript discusses the future of electric cars in Europe, focusing on Volkswagen's strategy to introduce a midsize compact electric car. It highlights the importance of charging infrastructure, with plans to expand fast charging networks across Europe and the US. The discussion also covers battery sourcing from various suppliers and the impact of trade wars on global car markets, particularly in China. Volkswagen's investment strategies in China, the US, and Latin America are outlined, along with the transition to electric cars in Germany, which includes reducing labor due to less labor-intensive electric car production.

What is the significance of local production in China for Volkswagen?

How does the introduction of electric cars affect labor requirements?

What does the speaker hope to achieve from the government regarding electric cars?