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

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 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.

Volkswagen and Xpeng Motors are opening their fast-charging networks to each other’s customers, announcing Monday that their electric vehicle owners would

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.

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

Volkswagen Group China and XPeng have signed a memorandum of understanding (MoU) to establish one of China's “largest super-fast” charging networks. This collaboration will leverage the technological expertise of both companies to provide an extensive charging infrastructure for electric vehicles (EVs) across China.

Plus, auto suppliers are scrambling to move production to dodge tariffs and China's exports expected to drop for 2025.

Less than two weeks before the inauguration of President-elect Donald Trump, the U.S. and China have escalated their tit-for-tat battery war, part of their rivalry to dominate the next generation of strategic technologies.

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.