Volkswagen vehicle deliveries fell 1.4 percent year-on-year in 2024, the German carmaker said on Thursday, dragged down by fierce competition in China. In China, VW's most important market, sales plunged by 8.
The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.
China, Xpeng and Volkswagen
An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early losers are foreign brands.
CHINA’S car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world’s largest auto market hit a record high amid a brutal price war and with subsidised trade-ins for greener vehicles driving purchases.
Volkswagen has ramped up its focus on China via an investment in Xpeng and an aggressive electric vehicle launch schedule.
XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.
Volkswagen Group China and XPeng have signed a memorandum of understanding (MoU) to establish one of China's “largest super-fast” charging networks. This collaboration will leverage the technological expertise of both companies to provide an extensive charging infrastructure for electric vehicles (EVs) across China.
Carmakers Xpeng and Volkswagen are extending their partnership. On top of offering a joint platform for electric cars, they now also want to "jointly build
Chinese electric vehicle maker XPENG has once again reached a significant collaboration with German automobile giant Volkswagen. On Monday, both companies announced the signing of a Memorandum of Understanding (MoU) for strategic collaboration on a super-fast charging networks in China.
With car exports up 25% to 4.8 million units, according to the China Passenger Car Association (CPCA) data, China probably ranked as the world's largest auto exporter ahead of Japan for a second consecutive year in 2024 despite additional tariffs on China-made electric vehicles the European Union introduced in late October.
Volkswagen saw sales drop in China and Europe, but they were practically offset by significant gains in North and South America