Volkswagen is on track for its smallest year of China sales since 2012, according to CNBC analysis of public data for the first three quarters of the year.
I’m not sure I’d call barely beating Xpeng and Leapmotor in EV sales while being outsold 2 to 1 by the likes of GAC Aion and Li Auto to be sales “recovering nicely”, and that’s only because VW has been putting some huge discounts on their ID cars.
Meanwhile literally every month the domestic Chinese EV makers are introducing brand new EVs right in the same segment as the ID3/4/6, while VW has no replacement for those vehicles in sight, at least not in the next 18 to 24 months.
Compared to selling pretty much nothing and compared to their millions of ICEV sales having hit an iceberg, yes VW’s EV sales have recovered nicely. You are comparing on a completely different axis than the one I was basing my argument on.
Note the comment I responded to. It made a forward looking argument aimed at EVs. EVs is the segment of the market where VW has a positive outlook. The EV revolution is going at full steam. I argue nothing more and nothing less.
VW is actually already on the upswing again: https://carnewschina.com/2023/11/09/top-selling-car-brands-in-october-2023-in-china/
I’m not sure I’d call barely beating Xpeng and Leapmotor in EV sales while being outsold 2 to 1 by the likes of GAC Aion and Li Auto to be sales “recovering nicely”, and that’s only because VW has been putting some huge discounts on their ID cars.
Meanwhile literally every month the domestic Chinese EV makers are introducing brand new EVs right in the same segment as the ID3/4/6, while VW has no replacement for those vehicles in sight, at least not in the next 18 to 24 months.
Compared to selling pretty much nothing and compared to their millions of ICEV sales having hit an iceberg, yes VW’s EV sales have recovered nicely. You are comparing on a completely different axis than the one I was basing my argument on.
Note the comment I responded to. It made a forward looking argument aimed at EVs. EVs is the segment of the market where VW has a positive outlook. The EV revolution is going at full steam. I argue nothing more and nothing less.