Investing.com – Volkswagen (ETR:)Â has reported a decrease in vehicle deliveries in 2024 that was fueled in part by sluggish demand in China.
Globally, Volkswagen delivered 9.03 million cars last year, down by 2.3% compared to the prior year. Although the figure grew in both North America and South America, it was offset by a 10.3% drop in the Asia-Pacific area.
“This was triggered by the intense competitive situation in China,” Volkswagen said, flagging that deliveries in the country — the firm’s largest auto market — declined by 9.5%. The fall came despite sales of battery-electric cars rising by 8% in China.
Constant deliveries in Europe also fell by 0.1%, VW said, although it noted that it remains the leader in all-electric sales in the region. Battery-electric order intake in Western Europe, in particular, has jumped by around 88% year-on-year thanks to new models like its VW ID.7 Tourer, Audi Q6 e-tron, and Porsche Macan…
