All Press Releases

Volkswagen Group posted solid H1 results for 2023, with rising sales revenue and strong underlying operating profit. This is in line with the Group’s “value over volume” strategy, announced at the recent Capital Markets Day. The Group's BEV strategy is also making further progress, with deliveries in the first half of the year increasing by around 50 percent year-on-year. In Europe, the Group increased its BEV deliveries by as much as 68 percent, underscoring its position as market leader in Europe. As the year progresses, significantly shorter delivery times, the remaining high order bank of 1.65 million vehicles and stable demand should provide further tailwinds. The solid net liquidity of EUR 33.6 billion in the Automotive Division also gives the Group the necessary strength and flexibility to continue investing in key regions and growth areas.

The Volkswagen Group is strengthening its position on the Chinese automotive market with cooperations between the VW brand and XPENG and between Audi and SAIC. The Group is thus forging ahead with its local electrification strategy. The aim is to swiftly tap into new customer and market segments, thereby systematically leveraging the potential of China’s dynamically growing e-mobility market.

The Volkswagen Group is pleased to support the concert series “Sound in the Garden”. All of the upcoming events, can be experienced in the Sculpture Garden of the Neue Nationalgalerie in Berlin. Set to run until September 2023, the series encompasses four free concerts which extend the Volkswagen Group ART4ALL visitor program that regularly grants free access to exhibitions at Neue Nationalgalerie.

This year’s Responsible Raw Materials Report focuses on adjustments to the existing management systems and processes in line with the Supply Chain Due Diligence Act, which has been valid since January 1, 2023, and the introduction of the Responsible Supply Chain System (ReSC). An important component of this is the newly implemented Human Rights Focus System (HRFS). This is intended to identify particularly high risks in connection with human rights violations and the environment to enable quick and appropriate actions. Furthermore, Dr. Kerstin Waltenberg has been appointed Human Rights Officer primarily to check compliance with human rights due diligence.

The Volkswagen Group increased its deliveries of all-electric vehicles (BEVs) by 48 percent year-on-year to 321,600 vehicles in the first half of the year. The BEV share of total deliveries rose to 7.4 percent, up from 5.6 percent in the first six months of the previous year. The Group achieved the highest growth in Europe, where deliveries rose by 68 percent to 217,100 BEVs. Here, the Volkswagen Group is the market leader and gained market share. Significantly more customers of a Group brand took delivery of their all-electric vehicles in the USA, too. The increase here was 76 percent to 29,800 vehicles. In China, deliveries were around two percent below the previous year's level at 62,400 BEVs in a particularly competitive market environment. Recently, however, the trend here has also been positive. Following a lower first quarter, 18 percent more BEVs were handed over to customers in the world's largest automotive market in the second quarter than in the prior-year period. Worldwide, the increase in the second quarter was 53 percent to 180,600 vehicles (118,000), and the BEV share of total deliveries rose to 7.7 percent (6.0) in this period.

Today, the Volkswagen Group and its Elli brand became the first automotive company to start trading on the German electricity market of Europe's largest power exchange, EPEX Spot. The basis for electricity trading is a stationary storage system made of e-up! batteries and a new, digital electricity trading platform from Elli. In the future, the stationary storage system – the so-called "PowerCenter" – will store the energy traded on the electricity market. The pilot project is being driven forward jointly by Elli and Volkswagen After Sales and is a first step on the way to the planned Smart Energy Platform. In the future, Volkswagen and Elli want to anchor the growing storage capacities of electric cars and batteries in the energy system and make an important contribution to the energy transition.

In fall 2022, the Volkswagen Group laid the foundation for the fundamental transformation of Volkswagen to become a leader in digital and fully electric mobility with its 10-point plan. One focus of Volkswagen Group CEO Oliver Blume is on strengthening the brands by means of attractive vehicles, quality and design. In order to consistently pursue this goal, Volkswagen Group is continuing to strengthen the brands, also in terms of personnel. As part of this, there will be personnel changes at CARIAD SE, Bentley Motors Ltd, Volkswagen AG, Volkswagen Commercial Vehicles and Volkswagen Group Components from September 1, 2023.

Volkswagen Group will continue to drive forward the strategic realignment of the charging and energy business with the new Head of Charging and Energy, Giovanni Palazzo. Palazzo has been responsible for the Volkswagen Group's global charging and energy business since July 1 and also leads the Elli brand as CEO and Head of Sales. He will focus on expanding the fast-charging network and further advancing the development of Volkswagen’s own smart energy platform. Elli and Electrify America are to cooperate more closely and roll out new business models internationally. In addition, the division will strengthen cooperation with the Group brands and intensify its proximity to private and fleet customers. The cornerstones of the strategy have already been presented to investors and analysts at the Capital Markets Day.

Volkswagen welcomes 46 top talents from 39 Volkswagen facilities in 19 countries to honor their outstanding apprenticeship achievements. Yesterday, the “Best Apprentice Award” winners traveled to Berlin to visit the exhibition “Flashes of Memory: Photography during the Holocaust” that is supported by Volkswagen and integrated in its corporate culture of remembrance. In a soon next step, a group of apprentices from the Wolfsburg region is going to visit the exhibition at the Berlin-based Museum für Fotografie.

Milestone for the Salzgitter Gigafactory: The Prime Minister of Lower Saxony, Stephan Weil, unpacked the first industrial machine that will be used in the cell factory. The "unboxing" in large format – the entire machine is around 10 x 3 meters in size – marks the start of a new construction phase. From now on, the ramp-up of the machine and equipment park begins. More than 2,500 standard containers are required for the delivery of the equipment alone. The first mega project of the battery company PowerCo, which belongs to the Volkswagen Group, is thus fully on schedule; series production of battery cells at the Salzgitter site will start in 2025.