In the first quarter, the delivery of electric vehicles was not as good as that of BYD in one month. Why did Volkswagen “make more money”?
On May 4, the Volkswagen Group officially announced its first-quarter results, with sales revenue increasing by 0.6% year-on-year to 62.74 billion euros;Vehicle deliveries fell 21.9% year-on-year to 1.898 million units.
Among them, Volkswagen’s pure electric vehicle sales and deliveries accounted for 5.2% of the total deliveries, reaching 99,064 vehicles, which was 39,112 more than the first quarter of 2021, totaling 65.2% of the electric vehicles delivered.
For comparison, BYD’s sales of new energy vehicles in April reached 106,042 units (48,072 units of DM models and 57,403 units of EV models), overwhelming Volkswagen in terms of quantity.
However, Volkswagen’s sales revenue and operating profit remained stable despite fluctuations in sales. In terms of financial reports, the former’s data was 62.7 billion euros, which was basically the same as the same period last year, an increase of 0.6%;Operating profit was 8.5 billion euros, an increase of 75.7% compared to the same period last year.
Volkswagen explained that the company was able to stabilize and even generate more revenue despite declining total sales due to “improved sales mix, better pricing, continued cost control and flexibility brought about by its global presence in the first quarter. sex”.
In short, VW’s rapid supply chain optimization and price increases on some models made up for what it lost in the crisis.
It is worth mentioning that in the “TOGETHER – Strategy 2025” strategy released in 2015, Volkswagen stated that electrification is the core strategic cornerstone of the group in the next 10 years, and set a goal:By 2025, Volkswagen’s annual sales of pure electric vehicles will reach 2-3 million units.
Judging from the published data, the annual sales volume of Volkswagen’s electric vehicles is 452,900 units, an increase of nearly doubling year-on-year. However, this achievement is still very far from the target of 2 million sales, and there is still a long way to go before the target is set. In 3 years, what kind of “killer” should the public come up with?
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