Volkswagen CFO on Earnings, China, Xpeng, Auto Market Outlook

The video discusses the company's strong financial performance in the first half of the year, despite challenges in cash flow due to high inventories. The outlook for deliveries has been slightly lowered, particularly in China, but the focus remains on sales revenue and margins. The company is implementing a three-pillar strategy in China to enhance competitiveness, including local development and partnerships. Cash flow issues are attributed to high R&D investments and inventory buildup. Supply chain challenges, particularly in logistics and chip supply, are being addressed. The German economy shows uncertainty, but the automotive industry is expected to grow.

What are the three pillars of the company's strategy to catch up in the battery electric vehicle segment?

How does the company plan to address the concerns raised by the German government regarding China?

What is the current situation regarding the supply chain, particularly concerning chip availability?