AutoBeta(AutoBeta.net)08/23 Report--

Volkswagen CEO Dis is interested in buying a stake in US electric car company Tesla, Reuters reported, citing a German "manager".

According to the above report, Volkswagen will meet with Musk in order to gain Tesla's expertise in software and batteries. Volkswagen has enough money, so buying shares in Tesla is not a problem. If possible, Disi will buy Tesla's shares immediately. But if Volkswagen wants to buy a stake in Tesla, it still needs the consent of two major shareholders, the Piech family and the Porsche family, which together own 52 per cent of the Volkswagen group.

Perhaps because of Tesla's advantages in electric cars, Tesla is not the first time that traditional car companies have taken a fancy to Tesla.

In 2009, Daimler paid $50 million for a 9 per cent stake in Tesla. At that time, Tesla had not yet provided electric drive system components for Daimler's early electrification project.

In 2014, Daimler ended its partnership with Tesla and sold Tesla's shares for $780 million, an operation that gave Daimler a 1400% gain in five years.

And then there's Toyota. In early 2010, Toyota paid $50 million for a 3 per cent stake in Tesla and sold its California factory to Tesla for $42 million.

In October 2010, Toyota signed an agreement with Tesla to provide battery and powertrain development for RAV4 electric vehicles. But soon after the cooperation, there were contradictions between the two sides. In the end, the RAV4, which is scheduled to sell 2600 vehicles within three years, eventually sold less than 2000 and announced the suspension of production.

Toyota emptied Tesla's stake at the end of 2016.

Industry insiders said that Toyota focused on meddling, while Tesla focused on pure electric, the two directions are different, it is difficult to come together.

In this respect, Volkswagen may be more in line with Tesla. Volkswagen plans to launch more than 30 new energy vehicles in China by 2020 and localize production of 40 models by 2025. On Aug. 2, Volkswagen also announced that it would increase the proportion of pure electric vehicles in China's new car sales to 50% by 2035.

However, Volkswagen later denied the Manager's report about the acquisition of Tesla. Volkswagen said it had no intention of buying a stake in Tesla and denied that the media said Deiss wanted to buy a stake in the company to acquire the company's software and battery technology, saying the report was groundless.

Although Volkswagen has denied rumors of an interest in buying a stake in Tesla, it is not clear whether Tesla is interested in forming an alliance with Volkswagen. The company has worked closely with other manufacturers in the past, including Germany's Daimler and Japan's Toyota.

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