Sales in the Chinese market fell sharply, and Volkswagen Group released its financial results for the first half of 2026.
Recently, the Volkswagen Group officially released its financial report for the first half of fiscal year 2026. The data showed that the total operating revenue was 158.1 billion euros, down 0.17% year-on-year; the operating profit was 5.931 billion euros, down 11.6% year-on-year; and the revenue in the second quarter was 82.444 billion euros, up 2% year-on-year. In the first half of the year, Volkswagen sold 4 million new vehicles globally, down 8.4% year-on-year, of which 438,500 pure electric models were delivered, down 5.8% year-on-year. Western Europe (+1.3%), Central and Eastern Europe (+9.6%), North America (+0.9%), South America (+5.2%) delivered positive growth, but in the Chinese market, Chinese joint ventures sold 856,000 vehicles in the first half of the year, down 31.1% year-on-year. Volkswagen has lowered its 2026 full-year performance guidelines. The year-on-year delivery range was adjusted to -7.0% ~ -3.0%, the year-on-year operating income range was adjusted to -3.0% ~ 0%, and the expected range of operating return on sales was 4.0% ~5.5%. (Compiled by Guo Chen, Car House).