Volkswagen Net Profit Falls 36% in H1 2026 as China Deliveries Plunge 26%
Volkswagen Group reported flat revenue for H1 2026, with profits falling due to production changes and declining vehicle deliveries.
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Volkswagen Group reported flat revenue for H1 2026, with profits falling due to production changes and declining vehicle deliveries.
XPeng Motors plans to enter the U.S. market when conditions allow, while actively assessing opportunities in Canada and Europe.
Horizon Robotics expects to swing to reported profitability in H1 2026, with net profit forecast at RMB 3.5 billion-RMB 4 billion.
Germany seeks to negotiate against EU tariffs on Chinese electric vehicles, aiming for a compromise before July 4.
In May 2026, discounted NEV prices in China dropped by 9.6%, while gasoline vehicles saw higher discounts at 14.9%.
Volkswagen Anhui adjusts prices for its ID. UNYX 08 SUV amid leadership changes and significant financial losses.
Zhuoyu Technology opened its European headquarters in Braunschweig, Germany, launching a collaboration with Volkswagen for intelligent driving solutions.
The XPeng GX’s pricing and features spark debate, aiming to enter the premium SUV market competitively against rivals.
XPeng Motors is negotiating with Volkswagen and other automakers for factory acquisitions in Europe to enhance localized manufacturing as demand for EVs grows.
Volkswagen’s Q1 2026 revenue fell to €75.657 billion, with declining profits amid rising costs and stiff competition, particularly in China.