All the traditional car manufacturers make announcements all the time about how they're going to be really good at EVs in 5 years time or whatever. They've been saying stuff like this for a decade now. Here's a VW press release from 2013:

September 9, 2013 /PRNewswire/ -- The Volkswagen Group has set its sights on global market leadership in electric mobility. "We are starting at exactly the right time. We are electrifying all vehicle classes, and therefore have everything we need to make the Volkswagen Group the top automaker in all respects, including electric mobility, by 2018", Prof. Dr. Martin Winterkorn, CEO of Volkswagen Aktiengesellschaft, said on the eve of the 65th International Motor Show in Frankfurt am Main.

https://tass.com/press-releases/700457

So far its been bullshit from most* of the incumbents because the boardrooms can't give up on the idea of ICE.

* Honourable mention to Hyundai and Kia who have cars on the road that can genuinely compete with Tesla. Unfortunately they can't source enough batteries to make many of them.

* And ok Nissan and BMW and co had quite good 120-mile range EVs a few years ago but thats all history now, its 200 miles or forget it from now on.

* ok yeah the Bolt was quite good but they didn't bother launching it in my country (uk) so its not on my radar, and they didn't bother trying to sell any cos they were making them at a huge loss

* ok Nissan do have a 200+ mile range Leaf now so I'll give them credit for that. There are general concerns about price and lack of battery cooling though.