Volkswagen's sales performance with electric vehicles is increasing.

The Volkswagen Group has exhibited impressive performance in the first nine months of the year, despite increasing competitive conditions and particularly challenging times with Chinese automakers. In the January-September 2023 period, global vehicle deliveries rose by 1.2%, thanks to strong demand for electric vehicles. This result indicates that Volkswagen's investments in electric mobility are starting to bear fruit.

With contributions from brands under its umbrella such as Audi, Bugatti, Seat, Skoda, and Porsche, total deliveries in the third quarter of 2023 presented a positive picture compared to the same period last year. As global demand for electric vehicles rises, Volkswagen has managed to turn this process into an advantage. Especially in the battery electric vehicles (BEV) segment, the performance it has shown provides significant leverage in its competition with other brands.

The Volkswagen Group's growth in the electric vehicle segment is not solely based on historical data; the company aims to increase its competitiveness in this area by making more investments in the future. This growth in the EV market is closely related to brands focusing on sustainability and adopting environmentally friendly practices. Volkswagen's transition strategy from internal combustion engine vehicles to electric models is receiving positive feedback worldwide.

As an automotive giant, Volkswagen is focused on strengthening its market position not only through electric vehicle production but also by providing solutions for the infrastructures of these vehicles. In this context, investments in charging stations and battery technologies are increasing consumer confidence and facilitating the adoption of electric vehicles.

In conclusion, the 1.2% global delivery increase demonstrated by the Volkswagen Group in 2023 reinforces investor confidence in the company and has a positive impact on future growth expectations and market performance. The dynamics of the electric vehicle market and the changes in consumer behavior are prompting brands like Volkswagen to reshape their strategies. Therefore, closely monitoring the constant changes in the automotive industry is of great importance for investment opportunities as well.