Volkswagen vehicle deliveries fell 1.4 percent year-on-year in 2024, the German carmaker said on Thursday, dragged down by fierce competition in China.

An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early losers are foreign brands.

The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.

BEIJING: China's car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world's largest auto market hit a record high amid a brutal price war and with subsidised trade-ins for greener vehicles driving purchases.

Chinese electric vehicle maker XPENG has once again reached a significant collaboration with German automobile giant Volkswagen. On Monday, both companies announced the signing of a Memorandum of Understanding (MoU) for strategic collaboration on a super-fast charging networks in China.

XPeng-Volkswagen partnership targets EV charging expansion, tackling infrastructure needs in China's booming market.

Volkswagen Group China and XPeng have signed a memorandum of understanding (MoU) to establish one of China's “largest super-fast” charging networks. This collaboration will leverage the technological expertise of both companies to provide an extensive charging infrastructure for electric vehicles (EVs) across China.

Volkswagen saw sales drop in China and Europe, but they were practically offset by significant gains in North and South America

China’s auto exports are estimated to slow notably this year after holding the export crown for a second year in 2024, with no growth predicted for electric vehicle exports,

China's auto exports are estimated to slow notably this year after holding the export crown for a second year in 2024, with no growth predicted for electric vehicle

Plus, auto suppliers are scrambling to move production to dodge tariffs and China's exports expected to drop for 2025.