financetom
Business
financetom
/
Business
/
Volkswagen's EV sales rise in Europe, crash in China
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Volkswagen's EV sales rise in Europe, crash in China
Apr 9, 2025 2:34 AM

BERLIN (Reuters) -The Volkswagen Group's sales of battery-electric cars more than doubled in Europe in the first quarter but fell by over a third in China, data showed on Wednesday, in a sign of the automaker's diverging fortunes in the electric car market.

While Europe's EV demand is picking back up after years of slow growth, China's electric car market remains fiercely competitive, with new EV-only entrants swiping market share from foreign carmakers.

Total sales fell in China by 7.1%, despite the carmaker still maintaining a strong share of the combustion engine market at 22%.

Volkswagen said it expected sales of its battery-electric models to gradually ramp up in coming months as it launches new versions of key models like the ID.3 and ID.4X.

At the Shanghai Auto Show in April, the carmaker will premiere the first series production model of a new Audi brand to be launched this year, and showcase three VW models coming out in 2026.

In Europe, orders for Volkswagen vehicles, both electric and combustion engine, rose 29% in Western Europe compared to last year.

Battery-electric vehicle sales on the continent have risen substantially this year so far even as total car sales have fallen, data from the European Automobile Manufacturers' Association has shown, as new EU emissions targets and the launch of new models drive demand after years of slow growth.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2025 - www.financetom.com All Rights Reserved