China Capital Markets Day 2024 by the Volkswagen Group

The CMD took place on April 24, 2024 at the Phoenix Center, Beijing.

Under the hashtag #China, further information can be found on the activities of the Volkswagen Group and its brands in China.

Volkswagen Group takes the offensive in China by strengthening tech capabilities and reducing costs

“In China, for China”: New China strategy with significantly higher value creation in China aims for stronger local market and customer orientation. Substantially increased in-house development and software capacities as well as local partnerships form the basis for new products with state-of-the-art technologies.
Cost parity with local competition: The Volkswagen Group is aiming for a 40 percent cost reduction with its locally developed China Main Platform (CMP). This is a key component in achieving cost parity with local competition in the price-sensitive segment for battery electric (BEV) compact vehicles.
Market position as a leading international manufacturer: The Volkswagen Group intends to increase its proportionate operating result to around EUR 3.0 billion by 2030, including the fully consolidated Anhui joint venture.
Unique position: Solid combustion (ICE) business as highly profitable basis for the flexible transformation towards intelligent connected vehicles (ICV).
Tapping into new profit pools: Profitable growth with China-specific product portfolio in dynamically developing market for hybrid and fully electric vehicles (NEV).
Volkswagen Group CEO Oliver Blume: “China is our second home market. We continue to drive our strategy forward systematically and are going on the offensive with its execution. We focus on our Chinese customers’ expectations and the accelerated time-to-market of our products. At the same time, we are pushing pioneering technologies, increasing cost efficiency, and deepening local partnerships.“

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Presentation

1 Documents

Volkswagen Group China Capital Markets Day

04/24/2024 Presentation

Beijing Auto Show

The Beijing Auto Show takes place from April 25 to May 5. At its Media Night on April 24, the Volkswagen Group presented product highlights and progress of its "in China for China" strategy at its Media Night.

To the event

Contact

For more information on our China CMD, please feel free to reach our respective teams:

Event: china_cmd_2024@volkswagen-group-events.com

Investor Relations: ir@volkswagen.de

The specified fuel consumption and emission data are determined in accordance with the measurement procedures prescribed by law. 1 January 2022, the WLTP test cycle completely replaced the NEDC test cycle and therefore no NEDC values are available for new type approved vehicles after that date. This information does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO₂ emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Due to more realistic testing conditions, fuel consumption and CO₂ emissions measured according to WLTP will in many cases be higher than the values measured according to NEDC. As a result, the taxation of vehicles may change accordingly as of 1 September 2018. For further information on the differences between WLTP and NEDC, please visit www.volkswagen.de/wltp. Further information on official fuel consumption data and official specific CO₂ emissions for new passenger cars can be found in the "Guide to fuel economy, CO₂ emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.