Volkswagen Group China Strategy and BEV Outlook

Operating Result Passenger Cars down due to € -3.4bn YoY swing in fair value effects Operating Result 1 Operating Result [€ bn] Margin [%] 9.3 -24% -3.3 5.3 9.3 7.1 Thereof: Volume & other: VOLKSWAGEN GROUP -2.3 -1.9 7.1 +4.1 Mix: +0.2 10.4% 6.7% Price: +1.0 Jan-Jun Jan-Jun Jan-Jun Volume & Exchange Product Costs Fixed 2022 2023 2022 other / Rates / Costs / Mix/ Derivative Other 1. Before special items Price S Costs Jan-Jun 2023 19

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