Volkswagen Group China Corporate Presentation 2020

VGC at a glance Brands&Products Market & Sales Strategy VOLKSWAGEN GROUP CHINA Joint Venture structure of Volkswagen Group in China Start of production 1st JV contract signed 上汽大众 SAIC VOLKSWAGEN 1983 (Santana B2) 1984 一汽-大众 FAW-VOLKSWAGEN 1991 (Jetta) 1990 江淮大众 JAC VOLKSWAGEN Market launch in 2019 2017 5% ■SAIC ■FAW 40% 25% Ownership structure JAC 50% = VCIC1) VCIC 50% 60% 50% ■ VW AG VW AG²) 10% Audi AG VCIC3) 10% 1) Volkswagen (China) Investment Co., Ltd. 100% owned by Volkswagen AG. 3) Volkswagen plans to increase the stake in JAC-VW joint venture to 75% in 2020 2) Including stakes held by ŠKODA AUTO a.s. and Audi AG BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation 5

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