Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Daniel Wu in South China, Xiao Zhan cut, suffering March, Mr. Aviation's clue delivery! CTOnews.com May 4 news, Volkswagen today announced financial results for the first quarter of 2023, first-quarter revenue increased 22% to 76 billion euros (CTOnews.com Note: currently about 580.64 billion yuan); operating profit is 5.75 billion euros (currently about 43.93 billion yuan), operating profit margin is 7.5% BEV (pure electric vehicle) deliveries rose 42 per cent to 141000 (7 per cent of total deliveries) in the first quarter.

Volkswagen said that strong sales growth in the first quarter was mainly driven by a recovery in sales in the European Union and North America, with a backlog of orders for 1.8 million vehicles, including 260000 BEV, in western Europe alone. Volkswagen will continue to invest in digitization and electrification in Europe, North America and China.

Volkswagen said that led by "In China for China", the group has introduced a new "100% TechCo" project, which combines research and development of vehicles and parts with procurement, which is expected to reduce the development time of new products and technologies by about 30 per cent. The group plans to invest 1 billion euros (currently about 7.64 billion yuan) to establish a new fully connected electric vehicle innovation center, headquartered in Hefei. Volkswagen will also accelerate the development of self-driving in China and accelerate the software development of specific technology concepts in China.

Volkswagen Group is developing a new Chinese sub-brand in the field of high-end electric vehicles to strengthen its position in the Chinese market, Automobilwoche reported. According to the amount of risks on the terminal, BYD passenger cars in the first quarter of 2023 surpassed the combined risks of FAW-Volkswagen and SAIC-Volkswagen, officially ranking first in China's auto sales brand.

Related readings:

"Volkswagen will invest 1 billion euros to build an electric vehicle R & D and procurement center in Hefei to speed up the launch of products."

"A historic moment! In the first quarter, BYD surpassed Volkswagen to become the number one car sales brand in China. "

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