Volkswagen Delivers 42% More BEVs In Q1; Total Deliveries Surge 7.5% Despite Challenges In China

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Volkswagen AG VWAGY delivered 2.04 million vehicles in the first-quarter FY23 globally, a 7.5% increase year-on-year.
Western Europe provided a fillip to overall numbers with a 26.9% growth.
Deliveries in China registered a 14.5% decrease to 644,500 units.
Deliveries of global battery electric vehicles (BEV) jumped 42% to 141,000 versus 99,200 units last year.
Also Read: Volkswagen To Help Create EV Battery Ecosystem In Indonesia
BEVs constituted 6.9% of total deliveries, with Europe seeing an increase of 68%.
The BEV backlog in Western Europe remains high at over 260,000 vehicles.
China registered a 25.4% slump in BEV deliveries for the quarter.
Also Read: South Korea Plans $15B Investment In Modern Battery Technologies
Price Action: VWAGY shares are trading lower by 1.02% at $16.45 on the last check Friday.
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