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Volkswagen:Position Changes: Difference between revisions
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* Competition in China's BEVs market continues to grow.<ref>https://www.just-auto.com/features/competition-heats-up-in-chinas-ev-market/#:~:text=Competition%20in%20China's%20BEV%20market,production%20plans%20of%20their%20own.</ref> For instance, NEV cars sold by domestic brands accounted for 79.9 percent of China's overall NEV market in 2022<ref>https://discord.com/channels/978370501237932092/1012303584446136380/1069724474951348265</ref>. | * Competition in China's BEVs market continues to grow.<ref>https://www.just-auto.com/features/competition-heats-up-in-chinas-ev-market/#:~:text=Competition%20in%20China's%20BEV%20market,production%20plans%20of%20their%20own.</ref> For instance, NEV cars sold by domestic brands accounted for 79.9 percent of China's overall NEV market in 2022<ref>https://discord.com/channels/978370501237932092/1012303584446136380/1069724474951348265</ref>. | ||
* Volkswagen said that it won't participate in BEV price wars initiated by Tesla in China. This means that its market share will likely diminish<ref>https://discord.com/channels/978370501237932092/1012303584446136380/1069985203000459274</ref>. | * Volkswagen said that it won't participate in BEV price wars initiated by Tesla in China. This means that its market share will likely diminish<ref>https://discord.com/channels/978370501237932092/1012303584446136380/1069985203000459274</ref>. | ||
* Audi, one of its main operating margin contributor(14.1%) in 2022 <ref>https://www.investmentwiki.org/wiki/Volkswagen:Brand_overview</ref>and which contributed around 20% of total deliveries in 2022<ref>https://www.volkswagenag.com/presence/investorrelation/publications/deliveries/2022/20230110_Deliveries_Tables.pdf</ref> is facing aging lineup<ref>https://europe.autonews.com/automakers/why-audi-needs-pick-speed-2023</ref>. | * Audi, one of its main operating margin contributor(14.1%) in 9M 2022 <ref>https://www.investmentwiki.org/wiki/Volkswagen:Brand_overview</ref>and which contributed around 20% of total deliveries in 2022<ref>https://www.volkswagenag.com/presence/investorrelation/publications/deliveries/2022/20230110_Deliveries_Tables.pdf</ref> is facing aging lineup<ref>https://europe.autonews.com/automakers/why-audi-needs-pick-speed-2023</ref>. | ||
<u>Magaly:</u> For a macro perspective I don't feel comfortable that one of a biggest portfolio position is in one of the most interest rate sensitive industries. Since it will be hit by both possibilities higher interest rates for longer or a recession. | <u>Magaly:</u> For a macro perspective I don't feel comfortable that one of a biggest portfolio position is in one of the most interest rate sensitive industries. Since it will be hit by both possibilities higher interest rates for longer or a recession. | ||