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: New regulations starting in 2031 will require specific recycled content for batteries, including 6% lithium and 16% cobalt [22]. Operational Challenges

Volkswagen is transitioning toward a more circular and electric-focused model [22].

: Aiming for 40% circular materials in vehicles by 2040 (excluding China) [22]. vw.zip

: Significant decline in operating margin to 0.3%, primarily driven by a changing market in China and slower EV ramp-up. Sustainability & Future Strategy

Recent results were impacted by several non-operating factors [12, 28]: : New regulations starting in 2031 will require

: Sales revenue of €145.2 billion (+3.7%), with a 4.7% operating return on sales.

The Group has maintained a "solid" performance despite a challenging global environment, though it faces pressure on operating margins [12, 16]. : 2025 : €321.9 billion (steady compared to 2024) [19]. 2024 : €324.7 billion (slight increase from 2023) [16]. Operating Result : 2025 : €8.9 billion (a 53% decrease from 2024) [19]. 2024 : €19.1 billion (15% below 2023) [16]. Operating Margin : 2025 : 2.8% (down from 5.9% in 2024) [19]. : Significant decline in operating margin to 0

: Unplanned provisions for severance programs at Volkswagen AG [12].