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Volkswagen Q1 financial report is out! Pure electricity sales of nearly 100,000 units, a sharp increase of 65.2% year-on-year

Car stuff (public number: chedongxi)

Author | The Way

Edit | Juice

On May 5, 2015, On May 4, Local time in Germany, Volkswagen Group announced its results for the first quarter of 2022, with sales revenue of 62.7 billion euros (about 437 billion yuan), unchanged from the previous year, and the profit excluding special projects was 8.5 billion euros (about 59.2 billion yuan) (operating interest rate was 13.5%).

Although sales and profits are growing, the total sales volume of the Volkswagen Group is declining. Vehicle deliveries decreased 21.9% y/y to 1,898,000 units. Electric vehicle deliveries increased year-on-year, with pure electric vehicle sales and deliveries accounting for 5.2% of total deliveries reaching 99,064 units. Compared with the first quarter of last year, 39,112 more pure electric vehicles were delivered in the first quarter of this year, an increase of 65.2%.

It can be seen that the electrification transformation of the Volkswagen Group has been slightly effective. Of course, this is also related to the sales growth of several pure electric cars launched by Volkswagen in recent years. In the future, Volkswagen will continue to launch more new pure electric vehicles, and increase the scale of battery production, increase production, and continue to expand globally.

First, the profit is as high as 8.5 billion euros, and the sales volume of pure electricity is nearly 100,000

Despite the global shortage of chips and wiring harnesses (for automotive circuits) and the pandemic, the Volkswagen Group generated sales of 62.7 billion euros (about 437 billion yuan) in the first quarter of 2022, unchanged from last year, and the main markets are still Europe, China and the Americas.

At the same time, the Volkswagen Group also received a profit of 8.5 billion euros (about 59.2 billion yuan) excluding special projects. If other factors are excluded, the underlying profit is also as high as 5 billion euros (about 35.1 billion yuan). This is also growing compared to the previous year.

Volkswagen Q1 financial report is out! Pure electricity sales of nearly 100,000 units, a sharp increase of 65.2% year-on-year

▲Volkswagen's first quarter results

In the past quarter, the Volkswagen Group sold and delivered 99,064 pure electric vehicles. Among them, the Volkswagen brand under the Volkswagen Group contributed more than half of the pure electricity sales.

In the first quarter, the Volkswagen brand delivered a total of 53,400 pure electric vehicles, an increase of 74% compared to the first quarter of last year. Among them pure electric model Volkswagen ID. 4 Accounted for more than half, a total of 30,300 vehicles were delivered. In Europe, the Volkswagen brand also has a backlog of 670,000 ORDERs for the ID. series.

In mid-May this year, Volkswagen's Emden plant will begin mass production of ID. 4, at the same time in the second half of this year, the ID produced by the Chattanooga plant in the United States will also go offline to jointly improve the ID. 4 Total production volume, solve the order backlog problem.

Volkswagen Q1 financial report is out! Pure electricity sales of nearly 100,000 units, a sharp increase of 65.2% year-on-year

▲ID. 4

Second, the number of electric vehicle models will increase to 25, and the investment will be expanded to 60.9 billion

Diess, CEO of Volkswagen Group, said: "As a truly global company, we have strong production capabilities in all major growth and sales markets around the world. Volkswagen's global presence has helped us mitigate many of the adverse effects we are currently seeing. Even in a more polarized world, Volkswagen is firmly committed to expanding its global footprint and further driving its transformation to a sustainable and fully digital mobility provider. ”

In the future, the Volkswagen Group will continue to develop pure electric vehicles and increase the number of electric vehicle models to 25. Volkswagen has announced a $7.1 billion investment in North American electric vehicles. In addition, Volkswagen will also produce batteries in the United States.

In addition, in order to ensure the stable growth of the Chinese market, Volkswagen will also accelerate electrification and digital transformation in the Chinese market. In the future, Volkswagen (Anhui) will become the new electric vehicle hub of the Volkswagen Group, and the company's factory will start producing MEB-based models in 2023, and the maximum annual production capacity of the plant is expected to reach 350,000 units after the ramp-up.

Volkswagen's battery plant in Anhui will also start production next year. At the same time, volkswagen group also invested 1 billion euros (about 7 billion yuan) in Volkswagen (Anhui) and Guoxuan Hi-Tech.

Volkswagen Q1 financial report is out! Pure electricity sales of nearly 100,000 units, a sharp increase of 65.2% year-on-year

▲The official website of Volkswagen (Anhui) Co., Ltd

In terms of software, in order to better provide customized software according to the needs of Chinese customers, Volkswagen CARIAD China subsidiary has started operations in Beijing. Currently, the company employs 600 people and aims to establish a nationwide distributed R&D network with Beijing, Shanghai, Chengdu and Hefei as initial hubs.

Volkswagen Q1 financial report is out! Pure electricity sales of nearly 100,000 units, a sharp increase of 65.2% year-on-year

▲Volkswagen CARIAD China subsidiary set up an intelligent cockpit system for on-site display

Conclusion: Volkswagen's accelerated electrification transformation has helped sales growth

In the past two years, due to the impact of the new crown epidemic and chip shortages, the sales volume of the Volkswagen Group has also declined, but due to the transition to electrification, the momentum of sales decline has also been alleviated.

In the future, the Volkswagen Group will continue to expand its investment in electric vehicles. Volkswagen will continue to introduce more electric models, build new battery factories, improve software performance, continuously improve the output and quality of electric vehicles, and continue to strengthen its expansion in the global automotive market.

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