German automaker Volkswagen Group’s (VWAGY) over-the-counter stock has fetched far more handsome returns over the past year than U.S. tech giant Apple Inc. and Shanghai, China-based electric automaker Nio Inc.
Just as rival legacy automakers, Volkswagen is dedicating billions of dollars and setting a tighter deadline to switch to a fully electric vehicle portfolio. Volkswagen in November last year said it would spend $86 billion by 2025 towards electrification under a new plan.
