1、2024ANNUAL REPORTVOLKSWAGEN GROUP 1 Prior-year figures adjusted(see disclosures on IAS 8).AUTOMOTIVE DIVISION Volume data also includes the unconsolidated Chinese joint ventures(Chin.JVs);prior-year deliveries have been updated to reflect subsequent statistical trends.The allocation of consolidation
2、 adjustments between the Automotive and Financial Services divisions is included in the Automotive Division.Jan.-Dec.2023Jan.-Dec.20249,2409,027-2.3%3,0656,297Jan.-Dec.20232,7426,295Jan.-Dec.20249,3629,0370.0%-3.5%Jan.-Dec.2023Jan.-Dec.2024322.3324.70.7%Jan.-Dec.2023Jan.-Dec.202422.519.1-15.4%7.0%5.
3、9%Deliveries to customersin thousand unitsVehicle salesin thousand unitsOperating return on sales1in billionOperating result1&Sales revenuein billionexcl.Chin.JVsJan.-Dec.2023Jan.-Dec.202413.514.3Jan.-Dec.2023Jan.-Dec.202410.75.0-5.7Dec.31,2023Dec.31,202440.336.1-4.2Investment ratioin%Net cash flowi
4、n billionNet liquidityin billionKey Figures 3 Goals and StrategiesInternal Management System and Key Performance Indicators Structure and Business Activities Disclosures Required Under Takeover Law Business Development Shares and BondsResults of Operations,Financial Position and Net Assets Volkswage
5、n AG(condensed,in accordance with the German Commercial Code)Sustainable Value Enhancement Report on Expected Developments Report on Risks and Opportunities Outlook for 2025Group Management Report7984879194111119135140175184226General informationEnvironmental informationIntroduction to environmental
6、 managementClimate change Pollution WaterBiodiversity and ecosystemsResource use and circular economyEU TaxonomySocial informationEmployees and non-employeesWorkers in the value chainCorporate citizenship CustomersBusiness conduct informationAnnex to the sustainability report2024 non-financial indic