Volkswagen saw sales drop in China and Europe, but they were practically offset by significant gains in North and South America

Volkswagen (OTCPK:VLKAF) announced on Thursday that it delivered around 4.8 million vehicles globally in 2024, despite headwinds such as sluggish economic activity, political challenges, and intense competition in regions like 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.

BEIJING: China's car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world's largest auto market hit a record high amid a brutal price war and with subsidised trade-ins for greener vehicles driving purchases.

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.

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

Key Takeaways XPeng and Volkswagen will work together to build a network of electric vehicle charging stations in China. The two carmakers expect to produce more than 20,000 charging units to be installed in 420 cities.

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.

Joining the China-only Q6L e-tron, the long-wheelbase sibling of the A6 e-tron for the rest of the world may debut in April 2025 at the Shanghai Auto Show

China's auto exports are estimated to slow notably this year after holding the export crown for a second year in 2024, with no growth predicted for electric vehicle

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.