Volkswagen Group China Strategy and BEV Outlook

Battery Business Operating Result [€ bn] VOLKSWAGEN GROUP 0.0 Jan-Jun 2022 -0.2 Jan-Jun 2023 Net Cash Flow [€ bn] Key Takeaways Three sites for cell factories decided: Salzgitter, Valencia and St. Thomas in Canada "Gamechanger": Dry Coating to save ~30% energy, ~15% floor space required and millions of Euros production costs -0.1 Jan-Jun 2022 -0.5 Jan-Jun 2023 ON 25

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