Volkswagen Group’s solid financial performance lays basis for profitable growth in key markets

• BEV deliveries rose 26 percent in 2022, with further significant models to be released in 2023
• Volkswagen Group remained BEV market leader in Europe and increased China deliveries by 68 percent in 2022, with strong demand for its highly competitive, unrivalled e-model range
• 2022 was a milestone year in North America, with electrification of Chattanooga plant and relaunch of the popular iconic Scout brand, leveraging region’s shift to e-mobility
• Group is planning to invest EUR 180 billion between 2023 – 2027 in the most attractive profit pools and regions, with more than two-thirds allotted for electrification and digitalization
• Robust operating profit before special items of EUR 22.5 billion, up 13 percent compared with 2021, demonstrates strength of Volkswagen Group brands
• Oliver Blume, Volkswagen Group’s CEO: “We have set clear and ambitious targets and took necessary decisions to streamline processes in FY22. FY23 will be a decisive year for executing strategic goals and accelerating progress across the Group. “
• Arno Antlitz, Volkswagen Group’s CFO & COO: “We aim to again generate robust returns in the current year. Our strong financial basis puts us in a position to continue investing in the electrification and digitalization of our company, even in a challenging economic environment.”

Full press release