#Electromobility

In 2024, Škoda Auto manufactured over 925,000 vehicles at its global production facilities, a year-on-year increase of 4.2%. Additionally, the company produced more than 280,000 battery systems for electric and plug-in hybrid vehicles across the Volkswagen Group, over 1 million transmissions and nearly 500,000 engines.

As a pioneer, Volkswagen supported the large-scale expansion of renewable energies in Europe at an early stage. Currently, the automaker is engaged in a total of 26 green power projects in nine European countries. The company has now drawn a positive interim balance. Since 2021, the green power projects supported have fed a total of about three terawatt-hours (TWh) of electricity to the European power grid. This figure corresponds to the annual energy demand of about 800,000 households. Through these efforts, Volkswagen is making a key contribution to decarbonization. An ID.4 powered solely using the EU green electricity grid mix already has a lower CO₂ footprint than a comparable diesel model after about 66,000 km. This is the result of a life cycle analysis*.

The Volkswagen Group is strengthening its charging and fueling services through the merger of LOGPAY Transport Services GmbH, a subsidiary of Volkswagen Financial Services AG, and the mobility service units of Volkswagen Group Charging GmbH (Elli). This strategic merger lays the foundation for future growth by offering seamless mobility services and an expanded range of solutions to both business and private customers transitioning to e-mobility. The newly established Elli Mobility GmbH, as a result of this merger, will operate as a wholly owned subsidiary of Volkswagen Group Charging GmbH (Elli) starting (expected) in March 2025.

Audi delivered around 1.7 million vehicles worldwide in 2024. More than 164,000 of those were fully electric models. Reasons for this overall decline of almost 12 percent (8 percent for fully electric models) compared to the previous year included the challenging economic conditions, an intensely competitive market, and limited availability of parts. In addition, the new product portfolio is only gradually having an impact on global sales volumes.

In 2024, Porsche AG comprehensively renewed its product range, with a generation change for four out of the six model lines: the Panamera, Taycan, 911 and Macan. Porsche has grown in four out of five world regions and achieved historic records. The share of electrified sports cars increased from 22 to 27 per cent. Almost half of them were purely electric vehicles.

Despite strong headwinds, Volkswagen delivered around 4.8 million vehicles to customers worldwide last year (1.4 per cent fewer than in the previous year). Volkswagen was again the clear market leader in Germany with a market share of 19.1 per cent, according to the German Federal Motor Transport Authority (KBA).

Experience electric mobility: All-electric vehicles from the Volkswagen Group stand for driving pleasure, innovative technology and sustainable mobility. With the cross-brand communication campaign Enter Electric, the Volkswagen Group is placing a clear focus on education. The initiative dispels widespread myths and prejudices and explains the advantages of e-mobility in detail. Key topics such as suitability for everyday use, battery life, charging convenience, cost benefits and sustainability are addressed.

The Volkswagen Group will launch its first ever cross-brand communication campaign in the coming weeks and months to stimulate interest in finding out about electromobility. It will dis-tribute clear facts and transparent messages in a wide range of formats to counter myths that are still widely believed.

Today, the Volkswagen Group has informed its retail partners in selected European markets that it will initiate a joint review of its sales model. While the ‘Direct to Customer’ approach with a Full Agency remains the long-term ambition, changing framework conditions might require changes in the short- to mid-term to ensure the best possible customer experience. Due to the slower transition to electric mobility across the industry, two sales models for private customers would need to be operated in parallel longer than originally anticipated: The Agency model for all-electric vehicles (BEVs) and the indirect sales model for vehicles with other drivetrains. Maintaining this high level of complexity for an extended period of time would be a key challenge for the sales organization. Therefore, a joint review process with the wholesale and retail organizations will start immediately to determine whether returning to an indirect sales model for BEVs might be a favourable alternative for the short- to mid-term. Results of this process are expected around the end of Q1 2025.

The Volkswagen Group is consistently advancing its “In China, for China” strategy. The company is strengthening its successful 40-year partnership with SAIC Motor for the long term. In Shanghai, both companies signed an extension of their joint venture agreement until the year 2040. By extending the agreement, the partners are creating early planning security beyond 2030 in a very dynamic development phase of the Chinese automotive market. At the same time, Volkswagen and SAIC are accelerating the transformation of their joint venture company, SAIC VOLKSWAGEN, in the areas of product portfolio, production, and decarbonization. The shared goal of the partners is to achieve a leading market position for SAIC VOLKSWAGEN with the Volkswagen Passenger Cars and Audi brands in the era of intelligent, fully connected electric vehicles.

At the International Suppliers Fair (IZB) in Wolfsburg, Germany, Volkswagen Group and Thyssenkrupp Steel signed a memorandum of understanding (MoU) for the planned supply to Volkswagen Group of low-carbon steel from Thyssenkrupp Steel’s future direct reduction plant. This agreement underscores the two companies’ joint commitment to sustainability and climate protection, marking a further milestone in their long-standing partnership.

Moving you. Moving forward.

Volkswagen Group’s battery company PowerCo and QuantumScape (NYSE: QS) today announced they have entered into a groundbreaking agreement to industrialize QuantumScape’s next-generation solid-state lithium-metal battery technology. Upon satisfactory technical progress and certain royalty payments, QuantumScape will grant PowerCo the license to mass produce battery cells based on QuantumScape’s technology platform.

The Volkswagen Group brand Elli presents a significant product innovation for charging EVs. The new Elli Charger 2 is equipped with a wide range of services, enables significantly reduced charging costs, and is characterized by a perfectly coordinated ecosystem. Volkswagen customers can now purchase their electric vehicle, charger, and electricity tariff in an easy and integrated manner from a single source. In the future, they will also be able to purchase a solar panel system via selected Volkswagen sales channels. As part of the product launch of the new charger, Elli today announced a strategic partnership with the European solar panel provider Otovo to offer e-mobility customers holistic and innovative energy solutions for their home.