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Volkswagen EV deliveries up 100+% in Q3 By Investing.com

by Mike Robinson

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© Reuters.

Investing.com – Volkswagen (DE:) (DE:VOWG) Group reportedA 108.5% increase year-on–year in its electric vehicle delivery volumes in the third trimestre, up to 122 100 vehicles.

Europe remains VW’s most important sales market with 81,700 e-cars delivered. 28.900 vehicles were transferred to Chinese customers. This is an increase of 315 per cent compared with the quarter prior to this.

“Our global electric offensive continues to run at full speed: we are clearly the number 1 for all-electric vehicles in Europe, and the number 2 in the USA. The third quarter saw a significant increase in China’s BEV deliveries, which was almost 60% higher than the first half. The strong demand for our global target for the year of one million electrified vehicles (BEVs+PHEVs) is definitely there.” said VW Head of Group Sales, Christian Dahlheim.

Volkswagen’s preferred shares (DE:VOWG_p), moved up following the announcement. While off the day’s highs, they are still up 1.3% at 198.9 a share.

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