VW Interim Report January – March 2023

Group sales revenue up 21.5% on the prior-year figure to €76.2 billion.

Deliveries of all-electric vehicles to customers up 42.1%; their share of the Group’s total
deliveries rises to 6.9 (5.2)%.

Improvements particularly in volumes and price positioning.

Although
calm began to return to the energy and commodity markets in recent months, the still elevated raw
material prices, continuing supply shortages and salary trends in the overheated labor markets, pose the
threat of continued high inflation.

In the first quarter of 2023, the Volkswagen Group’s sales revenue was €76.2 billion, up 21.5% on the prioryear
figure. This was due particularly to a rise in vehicle sales and improved price positioning.

The improvement was mainly the result of a rise in volume and beneficial changes in price
positioning.