Volkswagen Group China Strategy and BEV Outlook

Recap on our China Strategy (CMD June 21, 2023) VOLKSWAGEN GROUP ID. AERO #1 international OEM & among TOP 3 in Chinese market 大众汽车集团(中国) VOLKSWAGEN GROUP CHINA e-tron Tailored, superior ICV 1 product offerings Target proportionate OP mid-term >€2.5bn 2 1. ICV = Intelligent connected vehicle | 2. Proportionate operating result accounted at equity within financial result over the mid-term (until 2027) 8

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