未来之行 Mobility for Generations to Come
Volkswagen Group China, Corporate Presentation 2020
Mr. Rainer Seidl, Executive Vice President Finance Volkswagen (China) Investment Co., Ltd.
BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation VGC at a glance Brands&Products Market & Sales Strategy Volkswagen Group China at a glance
More than Fascinating brands 1984: first Joint Venture 1991: FAW-Volkswagen 2017: JAC Volkswagen was founded 100 models and services SAIC VOLKSWAGEN was was founded in 2020 planned: Increase stake in JAC- founded Changchun VW JV to 75%
Around 100,000 34 production plants 20% market share in Over 42 million cars Investment plan of €15 billion in employees in 2020 China’s passenger delivered since future topics: E-mobility, hybridization, car market market entry digitalization
BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation 2 VGC at a glance Brands&Products Market & Sales Strategy Volkswagen Group production sites all over China
Volkswagen Group production facilities Facts and Figures
34 production plants in China in 2020 • 6 FAW-Volkswagen vehicle plants Urumqi Changchun Changchun (2 plants) Chengdu Dalian Beijing Foshan (1 MEB plant) Tianjin Qingdao Qingdao Tianjin
Yizheng • 9 SAIC VOLKSWAGEN vehicle plants Chengdu Hefei Shanghai (3 MQB plants + 1 MEB plant) Nanjing Shanghai Changzhou Nanjing Changsha Yizheng Ningbo Ningbo
Foshan Urumqi Changsha FAW-Volkswagen vehicle plants • JAC Volkswagen, Hefei plant 1) SAIC VOLKSWAGEN vehicle plants • 18 component & energy plants JAC Volkswagen vehicle plant Component plants
1) incl. MAN Diesel & Turbo in Changzhou BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation 3 VGC at a glance Brands&Products Market & Sales Strategy Joint Venture structure of Volkswagen Group in China
Start of production 1983 (Santana B2) 1991 (Jetta) Market launch in 2019
1st JV contract signed 1984 1990 2017
5%
SAIC FAW 40% 25% JAC VCIC 1) Ownership structure 50% VCIC 50% 50% 60% VW AG 3) 2) VCIC VW AG 10% Audi AG
10%
1) Volkswagen (China) Investment Co., Ltd. 100% owned by Volkswagen AG. 2) Including stakes held by ŠKODA AUTO a.s. and Audi AG 3) Volkswagen plans to increase the stake in JAC-VW joint venture to 75% in 2020
BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation 4 VGC at a glance Brands&Products Market & Sales Strategy Strong brands and products
BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation 5 VGC at a glance Brands&Products Market & Sales Strategy Market for New Energy Vehicles is expected to grow rapidly and Volkswagen Group China started its NEV offensive in 2019
NEV Total Market in China (in ’000 units) Volkswagen Group China
In 2020 Battery Electric Vehicles >20 NEV models of all our brands Plug-in Hybrid Electric Vehicles >50% of them locally produced
4/5 310 555 1,007 1,079 1,000 In 2025 76% 75% 80% Increase the share of e-models to 35% 81% 24% 2/3 1/5 Increase the number of NEV models to 15 19% 25% 20% 1/3 2016 2017 2018 2019 2020e … 2025e Prepared to deliver 1.5 million NEVs
Data source: 2016-2019 CPCA BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation 6 VGC at a glance Brands&Products Market & Sales Strategy TOGETHER for China 2025+ Strategy
Our new Shaping mobility together with our partners vision – for generations to come.
Our updated action plan Best Software- Best Best Brand enabled Excellent Extended Governance Performance Equity Car Company Leadership Business
Brand and Functional JV strategies strategies
Our belief Values and integrity
BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation 7 VGC at a glance Brands&Products Market & Sales Strategy Operating in a highly-challenging environment in Region China
Macro-economic situation Competition & Sales costs
VW China business model Environment
Industry shifts Regulatory environment
Product portfolio & brand dilution Technology
BofA Virtual Investor Conference Call, Nov 2020 | Volkswagen Group China Corporate Presentation 8