VW warned that there was “a continued risk” that the war and lockdowns in China would “have a negative impact on . . . business activities in the current year.”

> The auto industry’s overall sales forecasts for the year have been reduced in recent weeks, as the global economy continues to suffer from rising raw material prices and the war in Ukraine.

> Market leader Tesla delivered more than three times that number in the same quarter

links in the chain are broken —

VW sells out of electric cars in US and Europe

World’s second-largest EV manufacturer hit by supply chain bottlenecks.

(2021 VW ID.4, the brand's battery-electric crossover)

Joe Miller and Alexander Vladkov, Financial Times - 5/4/2022, 7:31 AM

""Volkswagen, the world’s second-largest electric vehicle manufacturer by volume, has “sold out” of battery-powered models in the US and Europe for this year as persistent supply chain bottlenecks hit global production.

The Wolfsburg-based group, which includes brands such as Porsche, Audi, and Škoda, sold more than 99,000 electric models worldwide in the first three months of 2022 as it was hit by a shortage of semiconductors and wiring harnesses made in Ukraine.

Market leader Tesla delivered more than three times that number in the same quarter.

However, VW boss Herbert Diess said that, since demand had remained robust, the company had an order backlog in Western Europe of 300,000 electric cars. He added that customers now placing orders in Europe and the US would not get their electric models delivered before 2023...

 However, VW boss Herbert Diess said that, since demand had remained robust, the company had an order backlog in Western Europe of 300,000 electric cars. He added that customers now placing orders in Europe and the US would not get their electric models delivered before 2023..."

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