“In a persistently challenging market environment, the Volkswagen Group kept its deliveries outside of China stable overall in the first nine months. We recorded growth in South America and Europe. In our home market, we are seeing a significantly accelerated trend towards all-electric vehicles. The main reasons for this are the currently high fuel prices and the wider range of entry-level models. This includes our Electric Urban Car Family, for which we received nearly 150,000 orders shortly after its launch. This is a tremendous success that underscores how these four vehicles have perfectly captured the spirit of the times. Overall, one in five of the models we’ve delivered in Europe is all-electric, and in our order book, that share is as high as around 40 percent. The sharp decline in the overall market in China remains an industry-wide challenge. At the same time, our new, locally developed electric models are beginning to make an impact. Compared to the same quarter last year, we delivered approximately 30 percent more electrified vehicles to our customers in China in Q3.
Globally, our deliveries after three quarters are beggining
nine percent below the same period last year.”
Martin Sander, Member of the Group’s Extended Executive Committee for Sales