Volkswagen Group 2025 Financial Results: 9 Million Vehicles Delivered Globally, Operating Profit Dips but China Business Shows Resilience

On March 10, Volkswagen Group released its financial results for 2025: the company delivered approximately 9 million vehicles globally, generating revenue of €321.9 billion—essentially flat compared to the previous year. Operating profit stood at €8.9 billion, down 53% year-over-year, with an operating margin of 2.8%. Net cash flow from automotive operations reached €6.4 billion, up 24% year-over-year. In China, Volkswagen delivered around 2.7 million vehicles, of which more than 2.57 million were internal combustion engine (ICE) models, securing a market share exceeding 22%. Its equity-accounted operating profit in China amounted to €958 million, reaching the upper end of its guidance range. Leveraging VCTC and CARIAD China, Volkswagen has established a complete R&D and mass-production system in China, shortening product development cycles by 30% and achieving a 40% cost reduction on its CMP platform. In 2026, Volkswagen plans to launch more than 20 new energy vehicle (NEV) models in China, accelerating the implementation of its strategic transformation.