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

of our transformation: adapting our business model to new conditions, expanding our regional footprint, continuing our disciplined work on saving costs, and delivering cutting-edge products. In 2026, we will launch affordable electric mobility with premium technology. In the Chinese market, we will start the largest product campaign in our history. And we will set key milestones for batteries, software and autonomous driving on our path to becoming the global automotive technology driver. Oliver Blume 2025 was shaped by geopolitical tensions, tariffs and intense competitive pressure. In this demanding environment, we launched 30 new models, made visible progress with our restructuring, generated solid net cash flow and thus kept our net liquidity stable at a solid level. These were important steps to further boost the Volkswagen Group’s resilience. But the operating margin of 4.6 percent adjusted for restructuring is not sufficient in the long run. In this challenging environment, we want

implementation. As our transformation gains in traction, the new strength of Volkswagen Group comes to life. Our continuing model offensive, regionally tailored products for our markets around the globe and strong partners constitute the basis for sustainable positive development. With the ramp-up of affordable e-mobility, our autonomous vehicle fleet and the battery cell production in Germany, Volkswagen is showcasing European innovation for the world – as the global automotive tech driver. Oliver Blume In a challenging competitive environment, we achieved a decent overall financial performance in 2024. Our outlook reflects the global economic challenges and the profound changes that are happening in the industry. We keep combustion engines technologically competitive, we are simultaneously investing in electric models and software, and we continue to strengthen our regional presence – with a clear growth and investment strategy in the US. To achieve this, it is crucial that we continue

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

2025 in Munich (September 8 to 14). Product & Tech Investor and Analyst Update Agenda Welcome and presentations Group CEO und CFO & COO with Oliver Blume, CEOArno Antlitz, CFO und COO Presentation of the Brand Group Core with Thomas Schäfer, CEO Volkswagen Passenger Car Brands Presentation of the Brand Group Progressive with Gernot Döllner, CEO Audi AG Presentation of the Brand Group Sport Luxury with Oliver Blume, CEO Porsche AG Recording Welcome and presentations Group CEO und CFO & COO with Oliver Blume, CEO: 00:03:10 – 00:40:15Arno Antlitz, CFO und COO: 00:40:15 – 01:00:30 Presentation of the Brand Group Core with Thomas Schäfer, CEO Volkswagen Passenger Car Brands: 01:01:00 – 01:28:58 Presentation of the Brand Group Progressive with Gernot Döllner, CEO Audi AG: 01:29:08 – 01:50:50 Presentation of the Brand Group Sport Luxury with Oliver Blume, CEO Porsche AG: 01:51:00 – 02:10:00 IAA MOBILITY 2025 The IAA MOBILITY will take place in Munich from 9th to 14th September, 2025. On its

course and the TOP 10 programs are making good headway. Oliver Blume Volkswagen Group with solid performance in a demanding environment for the first half of 2024 EUR 158.8 billion sales revenue in H1 2024, up from H1 2023 (EUR 156.3 billion)EUR 10.1 billion Operating Result in H1 2024, 11% below H1 2023 (EUR 11.3 billion); Operating Margin of 6.3%Solid underlying result in H1 2024, improvement in margin from Q1 to Q2EUR -0.1 billion net cash flow in the Automotive division in H1 2024 (EUR 2.5 billion)4.3 million vehicle sales H1 2024, slightly below H1 2023 (4.4 million vehicles)Order intake for vehicles in Western Europe slightly up in H1 2024 Webcast and conference call for investors, analysts and media at 9:00 a.m. (CEST) with Oliver Blume, CEOArno Antlitz, CFO and COO Followed by Q & A session for investors and analysts with Oliver Blume, CEOArno Antlitz, CFO and COO Followed by Q & A session for media with Oliver Blume, CEOArno Antlitz, CFO and COO To the WEBCAST Documents