Volkswagen - Annual Media, Analyst and Investor Conference 2021

• Volkswagen spent around EUR 2.7 billion on future technologies in 2020, a year overshadowed by Covid-19
• This will enable the first milestones in the ACCELERATE strategy to be achieved in 2021
• Big e-mobility push: over 450,000 electric vehicles to be delivered to customers in 2021, more than double the 2020 figure
• Business model 2.0 to reach first milestone in summer: online car sales launched and test of subscription models with optional services will provide additional revenue potential
• Outlook for 2021: Deliveries, sales revenue and profit expected to increase year on year; operating return on sales of 3 to 4 percent targeted
• Volkswagen CEO Ralf Brandstätter: “We successfully managed the coronavirus pandemic with strict cost discipline and a strong sales performance. This enabled us to vigorously drive our transformation in this exceptional year as well.”

Full press release (ENG)