All Press Releases

Volkswagen Group Charging (Elli) opened its large European charging network to mobility companies outside the Volkswagen Group for the first time. With Elli's extensive charging infrastructure and innovative digital mobility solutions, customers can now enjoy seamless access to a vast and high-quality charging network across Europe. The new product SIXT charge simplifies the entire charging experience: from access to Elli`s charging network to find charge points, starting and ending charging sessions, and complete billing and payment.

Volkswagen Group achieved robust financial results in 2023. This was driven by a strong fourth quarter, with sales revenue of EUR 87 billion and an increase in operating profit of more then a quarter compared to the previous year. During the year, the Group made further progress with the implementation of its strategy and systematically pushed ahead with its restructuring. The focus was on customer-oriented products and compelling design, in addition to the strengthening of the regions, particularly China and North America. By introducing performance programs in all divisions, the Group has made notable strides towards a sustainable increase in profitability.

In recent years, Human Resources at the Volkswagen Group has established itself as a driver of the company’s transformation into a leading provider of sustainable and software-oriented mobility. In order to rigorously press ahead with this transformation in its crucial phase, Human Resources is reorganizing its staffing of key positions.

Under the umbrella of their two-year project “KW Digital: Poetics of Encryption”, the KW Institute for Contemporary Art currently exhibits an array of works in the field of contemporary digital art. Supported by the Volkswagen Group, this group exhibition is also a critical discussion of how digital technologies affect our cultural and social life.

Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed the first supply agreement on components of Volkswagen´s MEB for Mahindra’s purpose-built electric platform INGLO, taking a definitive step further on their joint vision for e-mobility collaboration. The deal covers the supply of certain electric components as well as unified cells. With the agreement, Volkswagen and Mahindra are further deepening their collaboration which started with a partnering agreement and a term sheet in 2022. Both companies will continue to evaluate a potential expansion of the collaboration.

Today, the first Volkswagen Group retail partner received its goTOzero RETAIL certificate. It was developed for the global partner network of some 17,000 dealerships from around 150 countries as part of the company’s goTOzero environmental mission statement. One important goal is to decrease the CO₂ footprint of the network by at least 30 percent until 2030 compared to 2020. Participating partners of the brands Volkswagen, Volkswagen Commercial Vehicles, Škoda, SEAT/CUPRA and Audi are given a tool to record their environmental performance and receive information on how to further improve it. The certification serves to measure and control the implementation of the environmental strategy at retail level in addition to the Group’s own comprehensive sustainability activities. The certification process assesses around 70 environmental criteria that retailers can influence directly. Each of these is related to one of goTOzero's four focus areas: climate change, resources, environmental compliance and ecosystems.

In the future, digital products based on artificial intelligence (AI) will play a key role for the Volkswagen Group. New infotainment and navigation applications, high-performance speech recognition, extended vehicle functions and the deep integration of digital ecosystems in the car will bring considerable benefits to customers, enhancing the product experience. This is why Volkswagen has established a specialized “AI Lab”. The company will act as a globally networked competence center and incubator. AI Lab will identify new product ideas for the Volkswagen Group, and coordinate them internally within the Group. As the need arises, this will also include collaboration with the tech sector in Europe, China and North America. By adopting this approach, the Volkswagen Group intends to simplify collaboration with technology companies with a view to making optimum use of the innovation potential and speed of the AI sector. The objective is to rapidly develop digital prototypes and transfer them to the Group brands for implementation.

The Volkswagen Group is strengthening its Technical Development Board function in the China region as part of its “In China, for China” strategy. Thomas Ulbrich, former Member of the Board of Management of the Volkswagen Brand for “New Mobility”, will head up Technical Development for the Group in China from April 1, 2024. In his new capacity, Ulbrich, who has already held two management positions for the Group in China, will continue to advance the technological localization of the portfolio. He succeeds Marcus Hafkemeyer, who – with his extensive experience of China – will support the company’s transformation in a new role in the Group.

The Volkswagen Group increased its deliveries in 2023 by 12 percent to 9.24 million vehicles. All regions contributed to this growth, with Europe (+19.7 percent) and North America (+17.9 percent) being the main drivers. China, the Group's largest single market, grew by 1.6 percent despite a challenging market environment. The Volkswagen Group expanded its market share in Europe as well as North and South America and thus also increased slightly worldwide. Almost all brands recorded growth, in some cases substantial. SEAT/CUPRA achieved the highest increase in the passenger car segment with a rise of 34.6 percent, while MAN led the way in the truck segment with an increase of 37.1 percent. At the same time, the Volkswagen Group successfully continued its transformation and delivered 771,100 fully electric vehicles. This corresponds to an increase of 34.7 percent compared to the previous year. The share of all-electric vehicles in deliveries rose to 8.3 percent compared to 6.9 percent in 2022.