China deliveries down 8.3
EV sales fall amid industrywide demand slump
North America deliveries up 18.4

Jan 9 Reuters The Volkswagen brand39;s global deliveries fell 1.4 to 4.8 million vehicles in 2024, with batteryelectric sales down around 2.5, Europe39;s top carmaker said on Thursday.

2024 was a difficult year worldwide, said Martin Sander, board member for sales, marketing and aftersales, pointing to a weak economy and tough competition in China, its biggest market.

Deliveries in China, where it is facing a growing swath of electriconly domestic rivals, fell 8.3 to 2.2 million vehicles.

Batteryelectric vehicle sales came to just over 383,000, down from 394,000 last year, amid a regional slump in EV demand.

Still, North America deliveries improved significantly to over 592,000, an 18.4 jump.

The Volkswagen Group is expected to release its deliveries next week, with fullyear results due for 2024 on March 11.

Reporting by Andrey Sychev, Editing by Friederike Heine

Source Reuters