Volkswagen Group: Electric Headlines Are Misleading
10 Dec 2022 | Abstracted from Seeking Alpha
"In 2021, about 3/4ths of all BEV sales across all car companies came from China, the US and Germany...Most of Volkswagen's BEV growth for the first nine months of 2022 came from China..."VW's 25% BEV growth is nice, but BYD and Tesla are increasing production of BEVs at higher rates on larger base levels.
"Volkswagen's 139.3% growth in China from January to September is impressive, but it lags the January to October growth of BYD."
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