Volkswagen announced H1 results, 217,000 BEVs delivered in the first half of 2022.
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Volkswagen announced H1 results, 217,000 BEVs delivered in the first half of 2022.

Volkswagen Group's H1 results show a sales revenue of EUR 132.3 billion in the first half and EUR 69.5 billion in the second quarter.

The Volkswagen Group posted robust operating results in H1 2022. In the first half of 2022, Volkswagen registered a sales revenue of EUR 132.3 billion, 2% more than the previous year.

In the second quarter of 2022, the company reported a revenue of EUR 69.5 billion (a 3.3 percent increase over 2021).

Volkswagen’s BEV demand continued to grow rapidly in Q2, with the order intake in Western Europe for H1 2022 40 percent above the previous year’s level. Despite supply bottlenecks, a temporary stop of production in Europe, and Covid-related lockdowns in China, 118k BEVs were delivered in Q2 – reflecting a share of total deliveries of 6 percent. Volkswagen also has a huge backlog of orders. In Europe alone, the group has an order book of around 139,000 all-electric ID.s.

In the first half of the year, BEV deliveries increased by 27 percent to 217,000 vehicles. In Europe, the group delivered a total of 128,000 electric vehicles. China was the second biggest market for the group. 63,500 EVs were delivered in China. 17,000 EVs were delivered in the USA.

Arno Antlitz, CFO of Volkswagen, said: Despite unprecedented global challenges, Volkswagen has demonstrated remarkable financial robustness. The operating margin in the first half of the year reflects the strong product substance and proportionately higher sales in the premium segment. In addition, the volume group has proven that it can deliver good results even in a challenging environment.

Also Read: LG Energy Solution to set up a new EV battery plant in Europe.

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