In a video message to employees, Oliver Blume draws three clear conclusions from the half-year results: “First: We are in a position to act. Second: The fundamental realignment of recent years is delivering results. Third: We must not let up now.” The CEO explains why the company is holding a steady course despite an increasingly challenging environment for the automotive industry as a whole, how the progress made in recent years is now becoming visible, and why it is nevertheless urgently necessary to move into the next phase of the transformation. Video Message Oliver Blume: “We Are Holding a Steady Course in Extremely Turbulent Waters” Oliver Blume’s message in full: Dear colleagues, The past few months have been demanding and have challenged all of us: geopolitical crises, trade conflicts, high regulatory requirements, volatile markets, intensified competition. The U.S. tariffs alone cost the Volkswagen Group approximately 5 billion euro per year. At the same time, the overall market

In an interview, the Group CEO speaks about the future plan for the company and the next steps in its implementation, the strength of the Volkswagen Group, and the challenging conditions facing the automotive industry.

Over the last three years we have given our Group an entirely new structure and ensured its stability. That is why, in the midst of the greatest transformation our industry has even seen, we are in a position to act and are resolutely driving the transformation of our company forward towards the next phase. Our goal is clear: strengthen substance, invest with purpose and build lasting value, for our customers, shareholders and employees. The next few years are critical – and it is up to us. Oliver Blume Volkswagen Group aligns transformation as a permanent process for responding to new challenges and strengthens competitiveness: Group aims to become the world’s most attractive automaker by 2030. Focus on eight strategic levers: reduce complexity, stronger focus on technologies, reduce overcapacities, strengthen regional responsibility, streamline the investment portfolio, increase operational excellence, reward performance, simplify Group steering Ambition for 2030: operating return on sales

Dual role in Volkswagen Group and Porsche AG will cease as of 1 January 2026 Oliver Blume will remain at the helm of the Volkswagen Group in the coming years. The Supervisory Board of Volkswagen Aktiengesellschaft resolved on Friday to conclude a new agreement with Mr. Blume for a term of five years, starting on 1 January 2026. This means Mr. Blume will continue as Volkswagen AG’s CEO until the end of 2030. Mr. Blume has held this post since 1 September 2022. “In the last three years, Oliver Blume has impressively demonstrated his ability to advance and develop the Volkswagen Group’s strategy and business operations in a challenging environment. The Supervisory Board is confident that, with Mr. Blume on board, it will continue to successfully tackle the tasks ahead together with the Board of Management team,” said the Chairman of the Supervisory Board, Hans Dieter Pötsch. Dr. Michael Leiters will become CEO of Porsche AG on January 1, 2026 Stuttgart. The Supervisory Board of Porsche

Oliver Blume takes over as Chairman of the Group Board of Management and remains at the same time Chairman of the Board of Management of Dr. Ing. h.c. F. Porsche AGSupervisory Board introduces generation change and thanks Herbert Diess for his great accomplishments in connection with the Group’s transformation Volkswagen CFO Arno Antlitz assumes additional role as COO on the Group Board of Management In its meeting today, the Supervisory Board of Volkswagen AG appointed Oliver Blume as the new Chairman of the Group Board of Management. He will take over this position with effect as of 1 September 2022, combining this with his role as Chairman of the Board of Management of Dr. Ing. h. c. F. Porsche AG and continuing in the latter capacity also after a possible IPO. Herbert Diess will at the same time resign as Chairman of the Board of Management by mutual agreement. The Chairman of the Supervisory Board, Hans Dieter Pötsch, thanked Herbert Diess on behalf of the entire board: “During his

the Volkswagen Group enters the next phase of its transformation. Interviews with the Volkswagen Group’s Board Members on the Tranformation “We evaluate what is best for the Group” – Interview with Christian Vollmer Christian Vollmer, Member of the Board of Management for Production and Logistics, explains how the Volkswagen Group is strategically realigning its global production network. "We have the best conditions for a successful transformation" – Interview with CEO Oliver Blume Volkswagen Group CEO Oliver Blume discusses the Group’s strengths, the Future Plan and the next steps in the transformation.

The Prime Minister of Spain, Pedro Sánchez, and Volkswagen Group CEO Oliver Blume met today in Madrid to discuss a wide-ranging investment plan that will help transform Spain into an industrial hub for electric mobility. During the meeting, Oliver Blume and SEAT S.A. President Wayne Griffiths discussed with the Prime Minister and the Minister for Industry, Trade and Tourism Reyes Maroto details of the 10-billion-euro investment program, called Future: Fast Forward, that Volkswagen together with its battery business PowerCo, Spanish subsidiary SEAT S.A. and its 49 partners announced last year. As part of the plan, supported by the Recovery, Transformation and Resilience Plan, through the Electric and Connected Vehicle PERTE, Volkswagen will electrify its car factories in Martorell and Pamplona and build a battery gigafactory in Sagunto. The CEO of the Volkswagen Group welcomed the commitment of the central government and of Catalonia, the Valencian Community and Navarre to the automotive

automotive industry. Manufacturers and suppliers face the same fundamental challenges. To remain sustainably competitive in this environment, the Volkswagen Group is now entering the next phase of its transformation. “The years ahead will be decisive. For this reason, we are responding with resolve. Not through another project with a defined start and end, but through an enduring transformation process. With one goal: to make our Group more robust, more successful and more future-proof,” said Oliver Blume, CEO of Volkswagen Group, at the Annual General Meeting in June 2026. Rising geopolitical tensions are pushing up the cost of raw materials and goods. US tariffs alone burden the Group with approximately five billion euros per year, through direct costs and lost sales volumes. Meanwhile, the Chinese market shrank by around 20 percent in the first half of the year, despite more than 500 new models being launched in the same period – the vast majority from Chinese manufacturers. Those same