Volkswagen Group revenue grows 12.3% despite sales drop of 2.3 million units
25% share of battery-electric vehicles in Europe makes it the market leader. It finished 2021 in second place in the US, with a 7.5% share, and sold 92,700 EVs in China, which was four times as many as in 2020.
The firm has suggested that sales will rise this year if ideal conditions are met, but expects the various problems that have affected the industry to continue. “The 2022 fiscal year will continue to be affected by shortfalls in supply due to the structural shortage of semiconductors. The supply of semiconductors is anticipated to improve in the second half of the year, compared with the first half,”Assuming the pandemic does not “flare up” and parts become more abundant, the firm has projected that deliveries will increase by between 5% and 10% compared with 2021. Meanwhile, sales revenue is expected to rise by between 8% and 13%.
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