GermanEnglish
Imprint Privacy Terms of Service Cookie Policy Third Party Licence Notes
Group
Media
Annual Media Conference 2023 - meeting with cameramen in the background
Investors
Abstract depiction of flowing, wavy lines in dark blue.
Sustainability
A man and a child stand outside a car, looking at mountains, captured from inside the car through the open panoramic roof.
Career
Two men und three women laughing.
GermanEnglish
Searching www.volkswagen-group.com.
#Art and Culture #Battery #Brands #Charging #Digitalization #Diversity #Electromobility #ESG #Finance #Heritage #Innovation #Integrity #Mobility Solutions #Products #Regions #Software #Strategy #Technology

China Capital Markets Day 2024 by the Volkswagen Group

The CMD took place on April 24, 2024 at the Phoenix Center, Beijing.

#Regions

Under the hashtag #Regions, further information can be found on the activities of the Volkswagen Group and its brands in China.

Volkswagen Group takes the offensive in China by strengthening tech capabilities and reducing costs

  • “In China, for China”: New China strategy with significantly higher value creation in China aims for stronger local market and customer orientation. Substantially increased in-house development and software capacities as well as local partnerships form the basis for new products with state-of-the-art technologies. 
  • Cost parity with local competition: The Volkswagen Group is aiming for a 40 percent cost reduction with its locally developed China Main Platform (CMP). This is a key component in achieving cost parity with local competition in the price-sensitive segment for battery electric (BEV) compact vehicles. 
  • Market position as a leading international manufacturer: The Volkswagen Group intends to increase its proportionate operating result to around EUR 3.0 billion by 2030, including the fully consolidated Anhui joint venture.
  • Unique position: Solid combustion (ICE) business as highly profitable basis for the flexible transformation towards intelligent connected vehicles (ICV). 
  • Tapping into new profit pools: Profitable growth with China-specific product portfolio in dynamically developing market for hybrid and fully electric vehicles (NEV). 
  • Volkswagen Group CEO Oliver Blume: “China is our second home market. We continue to drive our strategy forward systematically and are going on the offensive with its execution. We focus on our Chinese customers’ expectations and the accelerated time-to-market of our products. At the same time, we are pushing pioneering technologies, increasing cost efficiency, and deepening local partnerships.“
To Press Release

Presentation

Volkswagen Group China Capital Markets Day - Replays

Volkswagen Group China Capital Markets Day Block 1 - Replay
Volkswagen Group China Capital Markets Day Block 2 - Replay

Images

Show all People
A speaker presenting to an audience at a Volkswagen Group event, with a backdrop displaying urban skyscrapers and Chinese characters.
Oliver Blume, CEO Volkswagen Group, speaks at the China Capital Markets Day 2024 by the Volkswagen Group in Beijing
Presentation of Volkswagen Group brands on a large screen at a conference.
Oliver Blume, CEO Volkswagen Group, speaks at the China Capital Markets Day 2024 by the Volkswagen Group in Beijing
Presentation about 40% cost reduction through local adaptations and battery development at a Volkswagen conference.
Ralf Brandstätter, Member of the board of Volkswagen AG for China, speaks at the China Capital Markets Day 2024 by the Volkswagen Group in Beijing
Presentation of the 'In China, for China' strategy to enhance competitiveness at a Volkswagen conference.
Ralf Brandstätter, Member of the board of Volkswagen AG for China, speaks at the China Capital Markets Day 2024 by the Volkswagen Group in Beijing
Conference scene in a modernly designed hall with a presentation of the Volkswagen Group.
Oliver Blume, CEO Volkswagen Group, speaks at the China Capital Markets Day 2024 by the Volkswagen Group in Beijing
Man presenting on stage in front of a background with the text 'IT'S ALL ABOUT EXECUTION' at a Volkswagen event.
Oliver Blume, CEO Volkswagen Group, speaks at the China Capital Markets Day 2024 by the Volkswagen Group in Beijing

Beijing Auto Show

Key Visual Beijing Auto Show

The Beijing Auto Show takes place from April 25 to May 5. At its Media Night on April 24, the Volkswagen Group presented product highlights and progress of its "in China for China" strategy at its Media Night.

To the event

Contact

For more information on our China CMD, please feel free to reach our respective teams:

Event: china_cmd_2024@volkswagen-group-events.com

Investor Relations: ir@volkswagen.de

The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.