Volkswagen's EV Deliveries Surge Despite Logistics Challenges
TL;DR Summary
Volkswagen Group reported a 48% increase in electric vehicle (EV) deliveries in the first half of 2023, with EVs accounting for 7.4% of total deliveries. The growth was driven by a strong performance in China, where VW has struggled in the past. However, the company has lowered its overall delivery guidance due to logistics bottlenecks. Despite this, VW expects a higher proportion of EV sales in the second half of the year and confirmed its financial outlook for the year.
- Volkswagen EV deliveries up 48% in H1, but guidance cut amid logistics bottlenecks Electrek.co
- Volkswagen Seeks to Regain Edge in China as It Cuts Delivery Forecast The New York Times
- Volkswagen takes steps to boost its China business as first-half earnings fall by 20% The Associated Press
- VW's SEAT posts record first-half sales; worries about 2024 demand Reuters
- Volkswagen GAAP EPS of Є14.86, revenue of Є156.26B (OTCMKTS:VWAGY) Seeking Alpha
- View Full Coverage on Google News
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