Volkswagen EV Sales Drop 10% In Q3 Due To Slowdown In US And EU, But China Shines As A Bright Spot With 5% Growth
Portfolio Pulse from Anan Ashraf
Volkswagen's EV sales dropped 10% in Q3, with significant declines in the US and EU, but a 5% increase in China. The company plans to boost sales with new models in the coming months.
October 14, 2024 | 7:24 am
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Volkswagen's Q3 EV sales fell 10%, with a 42% drop in the US and 12% in Europe, but a 5% rise in China. The company plans to introduce new models to boost sales.
The decline in EV sales, especially in key markets like the US and EU, is likely to negatively impact Volkswagen's stock in the short term. However, the growth in China and the introduction of new models could mitigate some of the negative effects.
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