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Investor Presentaiton

VOLKSWAGEN GROUP CHINA Investments of our Joint Ventures in China are fully self-funded Joint Venture investments Prior planning as of November 2014 | Planning as of November 2015 €22 bn Prioritization and focus on investments ~ €4.4 bn Increased investments in development for digitalization, new energy vehicle technology and autonomous driving New attractive models to address the needs of our discerning Chinese customers ~ €4.4 bn 2 2015 - 2019 Ø per year 2016 Volkswagen Group China - Balancing the "New Normal" Financials Ongoing investment plan adjustment process to take latest market developments into account Capacity expansion through investments in existing and future factories for vehicles as well as components Investments Financial Services 38
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