Volkswagen vehicle deliveries fell 1.4 percent year-on-year in 2024, the German carmaker said on Thursday, dragged down by fierce competition in China. The VW brand, part of the larger Volkswagen group which includes Audi and Lamborghini among others,

The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.

An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early losers are foreign brands.

BEIJING: China's car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world's largest auto market hit a record high amid a brutal price war and with subsidised trade-ins for greener vehicles driving purchases.

Chinese electric vehicle maker XPENG has once again reached a significant collaboration with German automobile giant Volkswagen. On Monday, both companies announced the signing of a Memorandum of Understanding (MoU) for strategic collaboration on a super-fast charging networks in China.

China's Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday.

German automaker Volkswagen and Chinese electric car firm Xpeng announced Monday plans to expand new super-fast charging stations across China, opening their networks to each other.

XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.

Globally, deliveries in Europe were down 1.7% Y/Y to 1,254,500 and deliveries in China fell 8.3% to 2,198,900, Deliveries in South America rose 21.1% to 479,400 and were up 18.4% in North America to 592,300.

XPeng (NYSE:XPEV) and Volkswagen (OTCPK:VWAGY) collaborated to establish one of the largest super-fast charging networks in China. This collaboration will bring more than 20,000 charging piles operated by both companies,

Volkswagen saw sales drop in China and Europe, but they were practically offset by significant gains in North and South America