Volkswagen AG’s deliveries declined last year as weak electric-vehicle demand and intense competition in the key Chinese market dragged on sales.

VW delivered fewer cars in 2024 as it continued to be hit by rivals cutting prices to win customers in China, its largest market.

Volkswagen's sales fell 2.3% in 2024 to just over nine million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market.

Domestic sales of all types of electric vehicles rose by 40% in 2024; sales of gasoline powered cars tumbled, including foreign imports

Global sales of fully electric and plug-in hybrid vehicles (EVs) soared by 25.6% in 2024, reaching over 17 million units, driven by record December sales and steady growth in China. Research firm Rho Motion