- Volkswagen AG VWAGY 2.04 million shipped vehicles in the first quarter of fiscal 23 worldwide a year-on-year increase of 7.5%.
- Western Europe boosted the totals with growth of 26.9%.
- Deliveries in China fell by 14.5% to 644,500 units.
- Global deliveries of battery electric vehicles (BEV) increased 42% to 141,000 versus 99,200 units last year.
- also read: Volkswagen is helping build an EV battery ecosystem in Indonesia
- BEVs accounted for 6.9% of total shipments, with Europe seeing a 68% increase.
- The BEV backlog in Western Europe remains high at over 260,000 vehicles.
- China saw BEV shipments slump 25.4% in the quarter.
- also read: South Korea plans to invest USD 15 billion in modern battery technologies
- price action: VWAGY shares trade 1.02% lower at $16.45 on last check Friday.
- Photo via company
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