Volkswagen Clocks 48% Growth In Deliveries Of All-Electric Vehicles In H1
Portfolio Pulse from Nabaparna Bhattacharya
Volkswagen AG reported a 48% YoY increase in all-electric vehicle deliveries in H1 2021, with a total of 321,600 units. The majority of these deliveries were in Europe (68%), followed by China (19%) and the USA (9%). In the USA, deliveries increased by 76% to 29,800 vehicles. However, in China, deliveries were 2% below the previous year's level due to a competitive market environment. The company expects this positive trend to continue in the coming months.
July 14, 2023 | 11:20 am
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Volkswagen's strong growth in electric vehicle deliveries, particularly in Europe and the USA, indicates a positive trend for the company. However, the slight decrease in deliveries in China due to competition could be a concern.
The significant increase in Volkswagen's electric vehicle deliveries indicates a strong demand for its products, which could positively impact its stock price. However, the decrease in deliveries in China, a major market, due to competition could potentially hinder growth.
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