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Volkswagen's EV Deliveries Surge Despite Logistics Challenges

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Source: Electrek.co
Volkswagen's EV Deliveries Surge Despite Logistics Challenges
Photo: Electrek.co
TL;DR

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.

Topics:businessautomotive#automotive#china#ev-deliveries#guidance-cut#logistics-bottlenecks#volkswagen
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  1. Volkswagen EV deliveries up 48% in H1, but guidance cut amid logistics bottlenecks  Electrek.co
  2. Volkswagen Seeks to Regain Edge in China as It Cuts Delivery Forecast  The New York Times
  3. Volkswagen takes steps to boost its China business as first-half earnings fall by 20%  The Associated Press
  4. VW's SEAT posts record first-half sales; worries about 2024 demand  Reuters
  5. Volkswagen GAAP EPS of Є14.86, revenue of Є156.26B (OTCMKTS:VWAGY)  Seeking Alpha
  6. View Full Coverage on Google News

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