Overview
- CAAM data show VW’s FAW and SAIC joint ventures held 13.9% of registrations in January–February, edging Geely at 13.8%, with Toyota’s JVs at 7.8% and BYD at 7.1%.
- VW’s resurgence stems from a softer EV market after incentives ended, a dynamic that weighed on EV‑focused makers such as BYD.
- Volkswagen remains dominant in combustion models in China with roughly 22% share, but it holds only a low single‑digit share in EVs, and CEO Oliver Blume cautioned the early lead may not last.
- The company reported profit after tax fell 44% to €6.9 billion and outlined plans to cut about 50,000 jobs in Germany as part of a broader restructuring.
- CFO Arno Antlitz expects lower China profit in 2026 due to the rollout of China‑developed electric models, while 2025 global sales rankings place Toyota first and VW second with Chinese groups gaining ground.