Volkswagen vehicle deliveries fell 1.4 percent year-on-year in 2024, the German carmaker said on Thursday, dragged down by fierce competition in China.

The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.

Volkswagen Group China said on Monday that it is to build an ultra-fast charging network with Xpeng, which is to feature over 20,000 terminals across 420 cities and regions in China. The move follows the two companies' partnership in developing electric vehicles in the Chinese market, the first of which is expected to hit the market in 2026.

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

The outstanding growth in China in a largely stalling global EV landscape bode well for local leaders such as BYD , Geely and Xiaomi

XPeng-Volkswagen partnership targets EV charging expansion, tackling infrastructure needs in China's booming market.

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

Volkswagen Group China and XPeng have signed a memorandum of understanding (MoU) to establish one of China's “largest super-fast” charging networks. This collaboration will leverage the technological expertise of both companies to provide an extensive charging infrastructure for electric vehicles (EVs) across China.

Globally, deliveries in Europe were down 1.7% Y/Y to 1,254,500 and deliveries in China fell 8.3% to 2,198,900, Deliveries in South America rose 21.1% to 479,400 and were up 18.4% in North America to 592,300.

An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early losers are foreign brands.

Volkswagen and Xpeng have announced a strategic partnership aimed at enhancing the electric vehicle (EV) infrastructure in China. The collaboration, formalized through a memorandum of understanding, will focus on developing co-branded super-fast charging stations and integrating their charging networks for mutual customer access.