Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with workers.

HEFEI -- Volkswagen Group delivered over 2.9 million vehicles in the Chinese market in 2024 while its global vehicle deliveries surpassed 9 million last year, according to the German automaker. In the same year, the company sold more than 200,000 new energy vehicles in China, among which the sales of ID. models increased by 17 percent year-on-year.

Volkswagen's unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market.

VW delivered fewer cars in 2024 as it continued to be hit by rivals cutting prices to win customers in China, its largest market.

Volkswagen AG’s deliveries declined last year as weak electric-vehicle demand and intense competition in the key Chinese market dragged on sales.

Bad news for foreign automakers in the world's biggest car market keeps coming as two German marques reported big declines in deliveries in China.

XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.

Sales of all types of electric vehicles rose more than 40% in China last year while those of gasoline-powered automobiles plunged.

Volkswagen and Xpeng Motors are opening their fast-charging networks to each other’s customers, announcing Monday that their electric vehicle owners would

Volkswagen VOW30.89%increase; green up pointing triangle delivered fewer cars in 2024 as the automaker continued to be hit by intense competition in China that has seen rivals cut prices to win ...

Volkswagen has ramped up its focus on China via an investment in Xpeng and an aggressive electric vehicle launch schedule.