Volkswagen's unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market.

HEFEI -- Volkswagen Group delivered over 2.9 million vehicles in the Chinese market in 2024 while its global vehicle deliveries surpassed 9 million last year, according to the German automaker. In the same year, the company sold more than 200,000 new energy vehicles in China, among which the sales of ID. models increased by 17 percent year-on-year.

VW delivered fewer cars in 2024 as it continued to be hit by rivals cutting prices to win customers in China, its largest market.

Volkswagen AG’s deliveries declined last year as weak electric-vehicle demand and intense competition in the key Chinese market dragged on sales.

Sluggish sales in China and a continued slump in the market for electric vehicles helped drag down global sales for struggling German auto giant Volkswagen in 2024, the company reported on Tuesday. Worldwide,

Volkswagen Group, the world’s largest carmaker by sales volume, recorded a 2.3% drop in deliveries for 2024, falling to just over nine million vehicles. The decline reflects significant challenges in China,