Volkswagen news and facts

Volkswagen Group achieved strong deliveries and sales revenue growth in the first nine months of FY 2023. Deliveries increased by 11 percent year-on-year to 6.7 million vehicles (Q3 2023: 2.3 million vehicles; +7.0 percent). Sales revenue grew by 16 percent to 235.1 billion euros (Q3 2023: 78.8 billion euros; +12 percent). The order bank at the end of the third quarter of 2023 remained at a high level of 1.4 million vehicles in Western Europe alone. Net liquidity in the Automotive Division remained very solid at 36.7 billion euros.

Under the motto “Coming Home – Reloaded”, Wolfsburg will become the new home for the GTI fan community next summer: The legendary meetup will take place in the vicinity of the VfL Wolfsburg stadium from July 26 – 28, 2024 and will be organized in cooperation with the Autostadt. In addition to vehicle presentations, stage shows and club meets, there will be many other activities and surprises for GTI enthusiasts.

The Volkswagen Group has systematically continued its transformation in the first nine months of 2023. All-electric deliveries increased by 45 percent to 531,500 vehicles globally, raising the BEV share of total deliveries to 7.9 percent after 6.1 percent in the prior year period. In the third quarter alone, the BEV share climbed to 9.0 percent compared to 6.8 percent one year ago. From January to September, Europe remained the key growth driver with an increase of 61 percent to 341,100 vehicles. BEV deliveries jumped 74 percent to 50,300 units in the USA and surpassed prior year levels in China with an increase of 4 percent to 117,100 units.

Volkswagen is launching pre-sales for the enhanced ID.4 and ID.5 models. The two electric models will now be offered with a brand new generation of infotainment system and software. In addition, all Pro and GTX versions will feature a new drive system. The high-efficiency drive introduced for the first time for the large ID.7 offers significantly more power together with reduced energy consumption. The combined WLTP range of the ID.4 as a versatile electric SUV is increased to up to 550 kilometres(1) (WLTP) thanks to the new electric drive. The spacious ID.5 SUV coupé will have a range of up to 556 kilometres(1) (WLTP) on one battery charge. Volkswagen offers the optimized models at the same base prices as their predecessors. The price-performance ratio of the ID.4 and ID.5 has thus been significantly improved.

The newly-founded Brussels-based European EV battery materials producer IONWAY has chosen to build its first CAM production plant in Nysa, Poland, adjacent to Umicore’s existing CAM plant. The JV, backed by Volkswagen Group-owned PowerCo SE and Umicore, is scaling up the EU footprint in the e-mobility business with the ambition to grow its annual production capacity to 160 GWh p.a. by the end of the decade, corresponding to 2.2 m battery-electric vehicle, based on market developments. IONWAY will thus help the European Union achieve its Green Deal ambitions by accelerating the establishment of regional, sustainable, and transparent battery value chains.

The Volkswagen Group is a proud supporter of the annual Kaiserring exhibition in Goslar featuring influential works from the 2023 Kaiserring awardees Yuri Albert and Vadim Zakharov. The collaboration underlines Volkswagen’s role as partner of culture and the arts within the region.

Umicore and Volkswagen Group-backed battery company PowerCo have announced the name and branding of their first-of-its kind cooperation. Their Brussels-headquartered joint venture for large-scale industrial production of CAM and pCAM in Europe will bear the name IONWAY. Both parents aim to grow IONWAY’s annual production capacity to 160 GWh p.a. by the end of the decade, corresponding to 2.2 m battery-electric vehicles.

The Volkswagen brand is preparing its Germany-based production network for the future. At a meeting today, the Group Board of Management informed the Supervisory Board of the Volkswagen Group about its vehicle allocation plans for the brand through 2028. In taking this step, the company has set its sites up for profitable capacity utilization and the economic perspective of the coming years. Efficient vehicle allocation and increased productivity are key aspects of the performance program ACCELERATE forward | Road to 6.5 initiated by the brand.

Optimum travel comfort was one of the most important goals during the development of the ID.7, Volkswagen’s first electric model for the upper mid-sized class. The new optional ergoActive premium seats, which have been certified by the German Campaign for Healthier Backs (AGR), make a significant contribution to this outstanding comfort. The new front seats combine comfort with innovative massage programmes, automatic air conditioning and an advanced activation function for muscle groups in the spine and pelvic regions.

Ahead of the official media unveiling, Volkswagen this morning presented the new Tiguan to some 10,000 employees at the works meeting at the Wolfsburg plant. The Tiguan is one of the most successful Volkswagen models of the present day and is therefore of particular importance to the company: Since it went on sale in 2007, 7.6 million units have been produced – almost one million of them in the past two years. Since 2018, the Tiguan has been the bestselling model of not only Volkswagen Passenger Cars but also the Volkswagen Group. The new, third generation of the bestselling SUV will roll off the assembly line in Wolfsburg from fall 2023 and come onto the market in the first quarter of 2024. With its familiar compact dimensions, the Tiguan marries progressive technologies with charismatic design.

In a world premiere, Volkswagen is presenting the all-new Tiguan and with it the third generation of the bestseller. The Tiguan is one of the most successful Volkswagen models in the world today. More than 7.6 million buyers have chosen the compact SUV since its debut in 2007. The new model will reach dealerships as early as the first quarter of 2024.

Volkswagen is presenting its vision of an all-electric sports limousine in the upper mid-sized class at the ID. Treffen in Locarno on the Swiss side of Lago Maggiore from 8 to 9 September. The ID.X Performance show car impresses with powerful all-wheel drive, performance-oriented suspension, and an expressive appearance.