Volkswagen Group (VOW) Corporate presentation summary

Market and regional performance

• 9M 2026 deliveries were 6.0m, down 9.0% YoY; ex-China deliveries were stable. BEV deliveries were 0.7m, down 5.4%, with an 11% global share, up 40 bps.

• China deliveries fell 30% YoY to 1.4m as the market declined 20% YTD amid weak demand and intense competition; NEVs reached ~65% of the market.

• Europe deliveries rose 2% YoY to 2.9m; BEV market growth was 40%. EU27 order intake rose 4% to 3.0m, including 0.8m BEVs, up 39%, with BEVs at ~40% of the order book.

• North America deliveries fell 4% YoY to 0.7m; US BEV sales fell 33%, reducing BEV share to 6%, amid higher tariffs.

Group Target Picture 2030

• The 2030 framework targets an 8–10% operating margin and >60% cash conversion; a comprehensive €31bn cost program and disciplined investment and portfolio management underpin the ambition.

• Twelve initiatives span technology, performance and steering, including product portfolio, technology roadmap, production network, operational excellence, regions, investment portfolio and governance.

• The target technology footprint converges to 14 paths by 2030+, from 32 current paths across ADAS, infotainment, ICE and BEV platforms.

• Planned measures include up to 50% fewer models, 75% lower complexity, €20bn in R&D, procurement, production, sales and quality savings, and €11bn in overhead savings versus baseline.

Products and operating model

• Product launches totaled 30 new models in each of 2024 and 2025, with >20 planned for 2026; China plans 20 new VW and Audi models by year-end 2026, with 15 already launched.

• Portfolio streamlining targets 45% fewer models and 60% higher average volume per model; reduced variants and niche models are intended to lower development, production and sales costs.

• Vehicle simplification includes 95% unified mounting points and reuse of 50,000 body parts across ID.4 and Tiguan; targets include 94% fewer vehicle variants and 96% fewer software variants.

• Agreed EU plant capacity reductions total 735k units across four sites by 2027; >500k vehicles of remaining excess capacity are to be addressed. Germany factory costs fell 20% on average in 2025, with new allocation expected to improve average factory cost per vehicle by >40%.

• Battery plans include joint PowerCo–Gotion European LFP cell and cathode active material production, with capacity plans of ~30 GWh/year in Valencia and ~10 GWh/year in Šurany.