Volkswagen Group reports 4.5% drop in deliveries

Wed Jan 12 2022
Mark Cooper (3173 articles)
Volkswagen Group reports 4.5% drop in deliveries

The Volkswagen Group (VOWG_p.DE) said deliveries dropped 4.5%, to 8.9 million vehicles, in 2021, adding it expected supply chain bottlenecks to remain volatile in the first half of this year.

The decline was particularly sharp in China, where the Group delivered 14.1% fewer vehicles to customers due to chip shortages and shaky supply chains.

Deliveries of fully-electric vehicles grew 96% compared to 2020, to reach 452,900 vehicles.

Battery-electric vehicles made up 5.1% of global deliveries, up from 2.5% the year before. In China, over four times as many battery-electric vehicles were delivered in 2021.

Tags Volkswagen
Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.