VOLKSWAGEN AG Volkswagen AG
Investor, Analyst and Media Call Q1/2024
April 30, 2024
Disclaimer
The following presentations as well as remarks/comments and explanations in this context contain forward-looking statements on the business development of the Volkswagen Group. These statements are based on assumptions relating to the development of the economic, political and legal environment in individual countries, economic regions and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of going to press. The estimates given entail a degree of risk, and actual developments may differ from those forecast. All figures are rounded, so minor discrepancies may arise from addition of these amounts.
At the time of preparing these presentations, it is not yet possible to conclusively assess the specific effects of the latest developments in the Russia-Ukraine conflict on the Volkswagen Group's business, nor is it possible to predict with sufficient certainty to what extent further escalation of the Russia-Ukraine conflict will impact on the global economy and growth in the industry in fiscal year 2024.
Any changes in significant parameters relating to our key sales markets, or any significant shifts in exchange rates, energy and other commodities or the supply with parts relevant to the Volkswagen Group will have a corresponding effect on the development of our business. In addition, there may also be departures from our expected business development if the assessments of the factors influencing sustainable value enhancement and of risks and opportunities presented develop in a way other than we are currently expecting, or if additional risks and opportunities or other factors emerge that affect the development of our business.
We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.
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Volkswagen Group Highlights Q1 2024
Start of production of new Golf - New era of infotainment with integration of ChatGPT
Škoda Epiq announced with market entry in 2026 - entry level BEV at ~€ 25,000
9th Generation of the Passat - PHEV option | 3rd Generation Tiguan - Best-selling compact |
increases appeal for large fleet customers | SUV now in roll-out |
New Audi Q6 e-tron - Representing Audi's | Porsche Macan - Successful start of first |
transformation to leading BEV provider | fully electric Porsche SUV on new PPE |
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Impressions from China Capital Markets Day on 24 April 2024
~170 guests joined CMD | Volkswagen Group Night |
at Phoenix Center in Beijing | at evening of CMD & before Beijing Auto Show | 5 |
Recap China Capital Markets Day on 24 April 2024
Continuing our ~40 years success story
Increase speed, reduce complexity & leverage local partnerships with 'in China, for China' approach
Cost competitiveness with local BEV market leaders in A-Mainsegment by 2026 utilizing China Main Platform
Localized R&D set-up with VCTC as core element to realize competitive tech, customer-centricproduct design and accelerated time-to-market
One zonal E/E architecture across all VW brand platforms by 2026
Target picture 2030: 30+ BEV launches, #1 international OEM with 4 million vehicles, ~15% market share and ~€ 3bn proportionate operating profit1
1. Including VW Anhui fully consolidated | 6 |
Volkswagen Group Deliveries
Deliveries above last year defending worldwide market share
900 | Deliveries ['000 units / per month] | ||||||||||
2023 | 2024 | ||||||||||
800 | |||||||||||
700 | |||||||||||
600 | |||||||||||
500 | |||||||||||
400 | |||||||||||
01 | 02 | 03 | 04 | 05 | 06 | 07 | 08 | 09 | 10 | 11 | 12 |
Global deliveries in Q1 | BEV deliveries in Q1 | Worldwide |
increased by 3% YoY | decreased by 3% YoY | market share ~10% |
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Volkswagen Group Deliveries by Region
Growth in Q1 deliveries driven by North America, South America and China
North America | Europe | ||
Flat | |||
5% | |||
2023 | 2024 | ||
2023 | 2024 | ||
South America |
14%
2023 2024
China | |
8% | |
2023 | 2024 |
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BEV Deliveries Year-to-date
Weaker market demand in Europe compensated by strong growth in China
Top 6 BEV Models | Quarterly Development |
ID.4/5
35k
ID.3
26k
Q4 e-tron
23k
BEV Deliveries ['000 units] | BEV share [%] 2024 | |||||
Enyaq | BEV share [%] 2023 | |||||
9-11% | ||||||
14k | 7% | |||||
9% | 10% | |||||
7% | 8% | |||||
Q8 e-tron | ||||||
10k | ||||||
136 | 122 | |||||
ID.Buzz | 60 | |||||
Q1 | Q2 | Q3 | Q4 | 2024e | ||
7k | ||||||
2021 | 2022 | 2023 | 2024 | |||
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Volkswagen AG published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 06:06:06 UTC.
