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audi.pdf
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We already started on this journey in 2024, when we successfully launched our model initiative with the backing of an impressive team performance. The total number of new models will exceed 20 by the end of 2025 – half of which will be electric. The Audi Q6 e-tron and Audi A6 e-tron mark milestones in the efficiency of electric powertrains. In addition, the new future-proof software architecture will bring digital features and connectivity in our models to the next level. With the Audi A5, A6 and Q5 models, we launched a completely new generation of combustion engine vehi- cles and plug-in hybrids in parallel. We have therefore positioned ourselves robustly and flexibly for the transition to an all-electric product range. Apart from rejuvenating our portfolio, we also embarked on a fundamental renewal program in the company. With stream- lined processes and faster decisions, we are picking up the pace in the face of intensifying global competition. We are fundamentally changing the way we develop cars, because the cars of the future need different structures than we had in the past.
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audi.pdf
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We are fundamentally changing the way we develop cars, because the cars of the future need different structures than we had in the past. The reorganization of our Technical Development and our Dear Readers, product lines as of January 1, 2025, represents a paradigm shift toward software-centered development, in other words the software-defined vehicle, and therefore the launching pad for wide-reaching changes throughout the company. We are also upping the pace through strategic cooperations and new forms of collaboration. With the launch of the new AUDI sister brand for electric models in China, we were a pioneer again in the Chinese market and have taken a bold and progressive step together with our joint venture partner SAIC toward reaching tech-savvy target groups. In addition, at the end of 2024 we began producing electric models specifically for the Chinese market at our new plant in Changchun together with partner First Automo- tive Works (FAW). And to help us to get ahead faster in the area of software-defined vehicles, the Volkswagen Group founded a joint venture with US electric car manufacturer Rivian. The cooperation – in which Audi is playing a leading role – will help Audi gather speed in this competition-defining discipline.
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The cooperation – in which Audi is playing a leading role – will help Audi gather speed in this competition-defining discipline. Together we will develop high-performance software archi- tectures quickly, efficiently and cost-effectively. All of these steps show that Audi has the right answers to the new realities. The entire team is shaping the future with a high degree of willingness to change. Our overriding goal in this respect is sustainable development. We take responsibility beyond our own sphere of action – for em- ployees and their families, for suppliers and partners and also for future generations and our home base in Germany as well as our international production locations. For me, our business performance in 2024 is therefore the result of major changes and our starting point toward a new era of strength. Above all, however, it motivates us to continue to accelerate our program of renewal. We will continue our model initiative in 2025 and, by the end of the year, will have the youngest portfolio in our competitive segment. With the courage to forge new paths and trust in our traditional strengths, we will continue to set technological standards.
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audi.pdf
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With the courage to forge new paths and trust in our traditional strengths, we will continue to set technological standards. Sincerely, Gernot Döllner Chairman of the Board of Management of AUDI AG Audi RS e-tron GT: electric power consumption (combined): 21.1–18.4 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A.
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audi.pdf
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FinanceStrategy & Company ESG Appendix 3 Audi Report 2024 T he combined annual and sustainability report of the Audi Group (hereinafter referred to as the Audi Report) provides information on material business and sus- tainability activities in 2024. The Audi Report is available in PDF format on the official Audi website at audi.com and in the Audi MediaCenter; it contains links to further online information. In addition, Audi provides a Quarterly Update and Fact Pack to download from the website at audi.com. These documents contain key financial figures. The information and data for the Audi Report 2024 were compiled to the best of the company’s knowledge and belief and are free from material errors. In those cases where insufficient data was available, a corresponding explanation of omission was included in accordance with GRI Standards. The information in the report refers to the Audi Group.¹ If the report refers to individual companies, sites or brands only, this is noted accordingly. Unless indicated otherwise, key figures for em- ployees are as of the end of the respective year. All EUR figures are rounded off, which may lead to minor deviations when added up. The report is available in German and English. In the event of any deviations between the two versions, the German document shall prevail.
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All EUR figures are rounded off, which may lead to minor deviations when added up. The report is available in German and English. In the event of any deviations between the two versions, the German document shall prevail. Editorial deadline: February 20, 2025 Publication: March 18, 2025 Publication date of last report: March 19, 2024 Report cycle: annual ESG reporting standard Since 2024, the Corporate Sustainability Reporting Directive (CSRD) has governed the sustainability reporting requirements for companies in the EU.² Companies now have to provide a detailed report of non-financial information on environmental, social and governance issues in their management reports. As with financial reporting, sustainability reports should focus on meaningful information and topics that are relevant and assess- able for stakeholders.³ This limitation is referred to as materiality. The Sustainability Reporting standard of the Global Reporting Initiative (GRI) also imposes this requirement on companies’ ESG reporting. Audi voluntarily publishes an annual and sustainability report that combines financial and ESG aspects. The Audi Report is based on the internationally established GRI standard and also takes up aspects of the European CSRD, including in particular the required key figures, and addresses the material topics specified by the GRI and CSRD.
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Restatement of information The materiality analysis that AUDI AG conducted in 2024 was the first to be carried out in accordance with the CSRD guide- lines. This approach also meets the GRI Standards for materiality analyses. In addition, selected sustainability key figures in the Audi Report 2024 were reported in accordance with CSRD requirements for the first time. If similar key figures were already reported in previous years for which the basis for calculation or re- porting scope has changed as a result of the new requirements, this is indicated accordingly with a footnote. No comparative figures are provided for key figures recorded for the first time in 2024. Auditor’s reports on ESG reporting The Audi Group reports on the period from January 1, 2024, to December 31, 2024, in accordance with the GRI Standards. The information in this report was chosen on the basis of the materiality analysis performed in 2024.
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The information in this report was chosen on the basis of the materiality analysis performed in 2024. For the Content Index – Essentials Service, GRI Services reviewed that the GRI content in- dex has been presented in a way consistent with the requirements for reporting in accordance with the GRI Standards, and that the information in the index is clearly presented and accessible to the stakeholders.³ The German version of the Audi Report was used for this review and awarded the GRI quality seal. In addition, Audi commissioned an audit of selected sus- tainability key figures in the Audi Report 2024. The audited key figures are identified by a red check mark ( ). The selected sustainability key figures for the reporting period from January 1 to December 31, 2024, were subjected to a limited assurance engagement. Contacts for the Audi Report Robert Schwarzl Head of Financial Communication/Analytics, Investor Relations AUDI AG Email: [email protected] Website: audi.com/investor-relations ¹ The Audi Group is equivalent to the Brand Group Progressive with the brands Audi, Bentley, Lamborghini and Ducati. The terms “Audi Group” and “Brand Group Progressive” are used synonymously below. Material consolidated companies can be found in the Audi Fact Pack.
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The terms “Audi Group” and “Brand Group Progressive” are used synonymously below. Material consolidated companies can be found in the Audi Fact Pack. ² Only certain corporations and commercial partnerships where all partners have limited liability are affected by the reporting obligation. The requirements will initially apply to a limited circle of companies for fiscal years commencing from January 1, 2024, and will then be gradually extended. The CSRD had not yet been transposed into national law in Germany by the editorial deadline. The Audi Group nevertheless reports voluntarily on ESG topics. It is likely to remain exempt from any reporting obligation in the future too because it is covered by the reporting obligations of the Volkswagen Group as its parent company. ³ Audi regards material stakeholder groups as internal and external groups of individuals that are affected directly or indirectly by the company’s business activities. The selection of the respective stakeholders is fundamentally based on their expertise and their ability to influence Audi. Audi differentiates the stakeholders according to different groups: customers, analysts and investors, press and media, business partners, employees, neighbors and local residents, politics and associations as well as employees’ organizations, science and sustainability experts as well as non-governmental organizations (NGOs) and other groups.
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The basis for determining and selecting stakeholders is the Stakeholder Engagement Standard AccountAbility 1000 (AA1000SES) and its associated principles of inclusivity, materiality and responsiveness. About this report GRI 2-2, 2-3, 2-4, 2-5
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audi.pdf
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FinanceStrategy & Company ESG Appendix 4 Audi Report 2024 Strategy & Company 06 Brief portrait Plants, production figures and models 2024: key facts about the Brand Group Progressive 10 Audi on the offensive With the Audi Agenda, the Board of Management team has taken important steps to ensure the company’s success into the future. New models, technolo- gies and partnerships demonstrate the program’s initial successes in 2024 28 Brand Group Progressive Strategies, new products and successes: the highlights of the Bentley, Lamborghini and Ducati brands from 2024 Finance 33 Key figures at a glance Revenue, ROS and cash flow: financial highlights in 2024 and forecast for the Brand Group Progressive for 2025 40 Financial situation Analysis of the financial performance of the Audi Group in the 2024 fiscal year 48 EU taxonomy Audi publishes a voluntary report according to the classification system for ecologically sustainable economic activities: the most important results and activities Content Audi Report 2024 Combined Annual and Sustainability Report Audi A6 Avant e-tron: electric power consumption (combined): 17.5–14.4 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A.
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5–14.4 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. Top 4 online topics Recycling: Audi is increasingly rely- ing on the circular economy in the early development phase audi.com Road safety: A visit to the Audi experts for active safety functions audi.com Sustainable mobility: Felix Neureuther and Rüdiger Recknagel in interview audi.com Audi Genuine Exchange Parts: Recycling parts with the aid of indus- trial remanufacturing audi.com ESG Appendix 61 Materiality analysis 15 topics show what is important to Audi and its stakeholders and what impact the company has on the environment and society 66 Environmental Decarbonization, circular economy, reduction in environmental pollution: how Audi is tackling material environmental issues 108 Social How does Audi meet its responsibility in the supply chain, what defines its corporate culture and what priority does vehicle safety have?
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reduction in environmental pollution: how Audi is tackling material environmental issues 108 Social How does Audi meet its responsibility in the supply chain, what defines its corporate culture and what priority does vehicle safety have? Insights into material topics in the field of social issues 142 Governance How Audi is ensuring its sustainable business development and governance and strengthening compliance and integrity 160 UN Global Compact and the UN Sustainable Development Goals (SDGs) 161 Consumption and emission figures 163 Auditor’s report 165 GRI index 180 Publication details Photos: AUDI AG
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FinanceStrategy & Company ESG Appendix 5 Audi R eport 2024 Audi SQ6 e-tron: electric power consumption (combined): 18.6–17.2 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. Photo: AUDI AG Strategy & Company 06 // Brief portrait 10 // Audi on the offensive 28 // Brand Group Progressive
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Overview of deliveries to customers 2024² 1,671,218 (1,895,240) 10,643 (13,560) 10,687 (10,112) 54,495 (58,224) 6 Audi R eport 2024 FinanceStrategy & Company ESG Appendix Illustration: C3 Visual Lab T he Brand Group Progressive¹ with the Audi, Bentley, Lamborghini and Ducati brands stands for outstanding per- formance, pioneering technologies, fascinating design and powerful emotions. With vehicles from the premium, luxury and super sports segments, the Audi Group has been making individual mobility a unique experience for decades. Always with the focus on customer satisfaction, premium quality as well as ecological, social and eco- nomic sustainability. The Audi Group’s business model covers the development, production and selling of vehicles and the associated services. The Brand Group Progressive¹ is managed by AUDI AG. As of December 31, 2024, 88,604 employees were working for the Audi Group all over the world, 56,428 of them in Germany. The head office of the Audi Group is located in Ingolstadt.
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The head office of the Audi Group is located in Ingolstadt. With its sales partners, the Brand Group Progressive¹ is present in more than 100 markets around the world and operated at 22 sites³ in 13 countries in 2024 with its production partners. The Audi Group worldwide: active in more than 100 markets Brief portrait Overview of sites for 2024 Overview of deliveries to customers 2024² ¹ The Brand Group Progressive describes the Audi Group with the brands Audi, Bentley, Lamborghini and Ducati. The terms “Audi Group” and “Brand Group Progressive” are used synonymously below. Material consolidated companies can be found in the Audi Fact Pack. ² The figures for fuel/electric power consumption and CO₂ emissions: see pages 161–162. The allroad, PHEV and CNG (g-tron) models are not declared specifically. ³ Sites as of December 31, 2024. The production site in Map Yang Phon (Ducati Motor (Thailand) Co., Ltd.) is a new addition in the reporting period. The pro- duction site in Amphur Pluakdaeng is no longer included.
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is a new addition in the reporting period. The pro- duction site in Amphur Pluakdaeng is no longer included. GRI 2-1, GRI 2-6 22 production sites 13 countries
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Crewe Brussels⁴ Neckarsulm Zwickau Ingolstadt Bratislava Győr Sant’Agata Bolognese Bologna Martorell ⁴ Pr oduction at the Brussel plant was discontinued at the end of February 2025. 7 Audi R eport 2024 FinanceStrategy & Company ESG Appendix Europe 930,302 49,857 Cars produced: Motorcycles produced: Illustration: C3 Visual Lab Key Vehicles produced in 2024 0 to 10,000 10,001 to 50,000 50,001 to 150,000 150,001 to 450,000 450,001 to 700,000 161,985 Győr, Hungary, Audi Hungaria Zrt. Q3 SUV, RS Q3 SUV Q3 Sportback, RS Q3 Sportback 103,070 Bratislava, Slovakia VOLKSWAGEN SLOVAKIA, a.s. Q7 SUV , SQ7 SUV Q8 SUV, SQ8 SUV, RS Q8 SUV 68,014 Martorell, Spain, SEAT, S.A.
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Q7 SUV , SQ7 SUV Q8 SUV, SQ8 SUV, RS Q8 SUV 68,014 Martorell, Spain, SEAT, S.A. A1 allstreet, A1 Sportback RS 3 Sedan 49,857 Bologna, Italy Ducati Motor Holding S.p.A. Deser tX, Diavel, Hypermotard, Monster, Multistrada, Panigale (Superbike), Scrambler, Str eetfighter, SuperSport 12,200 Sant’Agata Bolognese, Italy Automobili Lamborghini S.p.A. Hur acán Coupé, Huracán Spyder Revuelto Coupé Urus 11,224 Crewe, United Kingdom Bentley Motors Ltd. Benta yga Continental GT, Continental GTC Flying Spur 15,212 Brussels, Belgium AUDI BRUSSELS S.A./N.V.⁴ Q4 SUV e-tron Q8 SUV e-tron, SQ8 SUV e-tron Q8 Sportback e-tron, SQ8 Sportback e-tron 135,307 Neckarsulm, Germany AUDI AG,
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SQ8 SUV e-tron Q8 Sportback e-tron, SQ8 Sportback e-tron 135,307 Neckarsulm, Germany AUDI AG, Audi Sport GmbH A4 Sedan A5 A vant, S5 Avant A5 Cabriolet, S5 Cabriolet A5 Sedan, S5 Sedan A6 allroad quattro A6 Avant, S6 Avant, RS 6 Avant A6 Sedan, S6 Sedan A7 Sportback, S7 Sportback, RS 7 Sportback A8, S8, A8 L , S8 L e-tron GT quattro, S e-tron GT, RS e-tron GT R8 Coupé, R8 Spyder 86,507 Zwickau, Germany Volkswagen AG Q4 SUV e-tron, Q4 Sportback e-tron 336,783 Ingolstadt, Germany AUDI AG A3 allstreet A3 Sedan, S3 Sedan, RS 3 Sedan A3 Spor tback, S3 Sportback, RS 3 Sportback A4 allr oad quattro A4 Avant, S4 Avant,
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RS 3 Sedan A3 Spor tback, S3 Sportback, RS 3 Sportback A4 allr oad quattro A4 Avant, S4 Avant, RS 4 Avant A4 Sedan, S4 Sedan A5 Coupé, S5 Coupé, RS 5 Coupé A5 Sportback, S5 Sportback, RS 5 Sportback A6 A vant e-tron, S6 Avant e-tron Q2 SUV, SQ2 SUV Q6 SUV e-tron, SQ6 SUV e-tron
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Ningbo Map Yang Phon Chhatrapati Sambhajinagar Qingdao Anting Foshan Tianjin Changchun 8 Audi Report 2024 FinanceStrategy & Company ESG Appendix Asia 615,853 4,481 Cars produced: Motorcycles produced: Changchun, China FAW-Volkswagen Automotive Co., Ltd. A4 L Sedan A6 L Sedan Q5 L SUV Q5 L Sportback Tianjin, China FAW-Volkswagen Automotive Co., Ltd. Q3 SUV Q3 Sportback Qingdao, China FAW-Volkswagen Automotive Co., Ltd. A3 L Sedan A3 Sportback Foshan, China FAW-Volkswagen Automotive Co., Ltd. Q2 L SUV Q4 SUV e-tron Anting, China SAIC Volkswagen Automotive Co., Ltd. A7 L Sedan Q5 e-tron Ningbo, China SAIC Volkswagen Automotive Co., Ltd.
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A7 L Sedan Q5 e-tron Ningbo, China SAIC Volkswagen Automotive Co., Ltd. Q6 7,317 Chhatrapati Sambhajinagar, India ŠKODA AUTO Volkswagen India Private Limited A4 Sedan A6 Sedan Q3 SUV, Q3 Sportback Q5 SUV Q7 SUV 4,481 Map Yang Phon, Thailand Ducati Motor (Thailand) Co., Ltd. DesertX, Diavel, Hypermotard, Monster, Multistrada, Panigale (Superbike), Scrambler, Streetfighter, SuperSport China 608,536 Illustration: C3 Visual Lab Key Vehicles produced in 2024 0 to 10,000 10,001 to 50,000 50,001 to 150,000 150,001 to 450,000 450,001 to 700,000
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Manaus São José dos Pinhais Córdoba San José Chiapa 9 Audi Report 2024 FinanceStrategy & Company ESG Appendix ⁵ Production of semi-knocked-down (SKD) vehicles. With this procedure, the cars are completely assembled to start with. Then they are partially dismantled and transported as kits to São José dos Pinhais. Assembly is carried out in accordance with the technical and quality specifications of AUDI AG. ⁶ Production of completely knocked-down (CKD) vehicles. In this process, the motorcycles are disassembled into parts kits in their country of origin, Italy, and then assembled in Córdoba after being transported to Argentina. North and South America 145,997 1,618 Cars produced: Motorcycles produced: Illustration: C3 Visual Lab Key Vehicles produced in 2024 0 to 10,000 10,001 to 50,000 50,001 to 150,000 150,001 to 450,000 450,001 to 700,000 538 6 Córdoba, Argentinia Volkswagen Argentina S.A.
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DesertX, Multistrada, Scrambler 1,080 Manaus, Brazil DUCATI DAFRA da Amazônia Indústria e Comércio de Motocicletas Ltda. DesertX, Diavel, Multistrada, Panigale (Superbike), Scrambler, Streetfighter 1,359 5 São José dos Pinhais, Brazil Audi do Brasil Indústria e Comércio de Veículos Ltda. Q3 SUV Q3 Sportback 144,638 San José Chiapa, Mexico Audi México S.A. de C.V. Q5 SUV, SQ5 SUV Q5 Sportback, SQ5 Sportback
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10 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix Audi on the offensive With a host of new models and innovative technologies unveiled in 2024, Audi clearly demonstrated what goal the company is pursuing: unique products and uncompromising quality. At the same time, Audi is undergoing the most significant transformation in its history. With the Audi Agenda, the Board of Management team has taken important steps to ensure the company’s success into the future. Following the program’s initial successes in 2024, the focus will be firmly on its implementation in 2025. Audi A6 Avant e-tron: electric power consumption (combined): 17.5–14.4 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. Photo: AUDI AG 10 Audi Report 2024
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11 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix E lectrifying elegance”⁴ was how the trade press described the new Audi A6 e-tron models, lauding them as “business class with the win- ning combination of high battery capacity and powerful charging performance.”⁵ For Audi, the unveiling of the new Audi A6 e-tron models in July 2024 represented another important milestone in its large-scale model initiative. They show what Audi stands for: emotional design, quality, sporty performance, driving dynamics and comfort as well as a digital customer experience. Audi Agenda: pressed ahead at speed Innovative and inspiring vehicles are one of the four pillars of the Audi Agenda. The transformation and strategy program launched by the Board of Management in 2023 supports the entire Audi team in tackling important issues in the short and long term: The Audi Agenda centers on products, technologies, the brand and the core markets of North America and China. “Audi is undergoing the largest transformation in its history,” says Audi CEO Gernot Döllner.
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“Audi is undergoing the largest transformation in its history,” says Audi CEO Gernot Döllner. “With the Audi Agenda, we began this transformation in good time and are pressing ahead at speed with its imple- mentation.” Sustainability is also playing an increasingly important role in this context. “We want customers to experience this in our vehicles: with an electrified portfolio, efficient and high-performance drive systems, powerful batteries and practical charging performance.” Audi is also looking beyond the utilization phase. For example, the circularity of the materials used and the subsequent recyclability of vehicle parts are already being considered in the first vehicle projects as early as the development stage. Audi A6 e-tron sets new standards The new Audi A6 Sportback e-tron⁶ is a prime example of future Audi models. Its design not only highlights the progressive brand image, it also boosts efficiency. With its exceptionally low drag coefficient of 0.21, the Audi A6 Sportback e-tron⁶ is, in terms of aerodynamics, the best Audi of all time and currently the best vehicle in the Volkswagen Group. This also makes it incredibly efficient.
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This also makes it incredibly efficient. With a range of up to 756 kilometers (WLTP), the Audi A6 Sportback e-tron performance¹ is the strongest model in its segment in this discipline. The Audi Agenda In the spotlight: product, technology, strong brand and the China and North America markets With the Audi Agenda, the company is focusing on what is important for customers: product, technology and brand. While that applies worldwide, the priorities for the core markets of Europe, China and North America differ. In Europe, the company wants to consolidate its established position among premium competitors. As regards China, Audi has positioned itself strongly with the partner companies SAIC and FAW, and is working with other partners on the ground to develop vehicles and functions specifically for customers locally. On the North American market, Audi wants to benefit in coming years from the numerous model launches and is currently looking into further localization options. The Audi Agenda serves as the roadmap here for the entire Audi team and addresses challenges in the short and long term. Specific work packages and responsibilities have been defined for each field of action.
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The Audi Agenda serves as the roadmap here for the entire Audi team and addresses challenges in the short and long term. Specific work packages and responsibilities have been defined for each field of action. And there are already signs of success: The world premiere of the Audi Q6 e-tron in March 2024 marked the start of the largest model initiative in the company’s history. ¹ Audi A6 Sportback e-tron performance: electric power consumption (combined): 15.9–14.0 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. ² Audi A6 Avant e-tron performance: electric power consumption (combined): 17.0–14.8 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. ³ Audi S6 Sportback e-tron: electric power consumption (combined): 16.7–15.7 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. ⁴ Source: auto-medienportal.net: Audi A6 e-tron: Electrifying elegance.
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⁴ Source: auto-medienportal.net: Audi A6 e-tron: Electrifying elegance. (in German only) ⁵ Source: n-tv.de: Ultraefficient, ultrafast: On tour with the new Audi A6 e-tron – will it surprise? (in German only) ⁶ Audi A6 Sportback e-tron: electric power consumption (combined): 16.7–13.6 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. As the second model family based on the Premium Platform Electric (PPE), all variants of the Audi A6 e-tron draw on the familiar product strengths of the PPE in terms of performance, range, efficiency and charging: Audi A6 Sportback e-tron performance,¹ Audi A6 Avant e-tron performance² and Audi S6 Sportback e-tron³ (from right to left). Photo: AUDI AG
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12 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix This is also accounted for by the high-performance and highly efficient electric motors, a newly developed, lighter and especially powerful high-voltage battery, the improved ability to recuperate energy and the pow- erful charging performance. The sophisticated thermal management of the high-voltage battery, the 800-volt electrical system and its ecosystem ensure a charging performance suitable for everyday use. For example, the Audi A6 Sportback e-tron performance¹ only needs 10 minutes at a fast-charging terminal to generate a range of up to 310 kilometers (WLTP) with a maxi- mum charging capacity of 270 kW.⁸ In just 21 min- utes, the high-voltage battery can be charged from 10 to 80 percent.⁸ The media was quick to praise the Audi A6 Sportback e-tron,⁶ describing it as the “Bavarian Miles Master.”⁹ According to the trade press, the new model series sets “new standards”10 in terms of dynamic handling and comfort, too.
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Following initial road tests, journal- ists praise the Audi A6 e-tron as “impressively good on bends”10 and are enthusiastic about its “incredible power”10 and excellent driving and noise quality.11 A precisely defined strategy for tuning the suspension has long since been part of the Audi DNA. In addition, the air suspension with controlled damping⁷ gives the vehicle a wide range between a high level of ride comfort and sporty handling. The new and efficient Audi A6 e-tron family thus shows its everyday and long-distance capability and its ability to handle confi- dently in all driving situations. It therefore appeals to many different customer segments. Gernot Döllner Chairman of the Board of Management of AUDI AG Audi is undergoing the most significant transformation in its history. With the Audi Agenda, we began this trans- formation in good time and are pressing ahead at speed with its implementation. * Audi A6 Avant e-tron performance: electric power consumption (combined): 16.3 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A.
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* Audi A6 Avant e-tron performance: electric power consumption (combined): 16.3 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. ¹ Audi A6 Sportback e-tron performance: electric power consumption (combined): 15.9–14.0 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. ⁶ Audi A6 Sportback e-tron: electric power consumption (combined): 16.7–13.6 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. ⁷ This function can be configured optionally and is available for an extra charge. ⁸ Battery charging time and power can vary depending on various factors such as ambient and battery temperature, use of other country-specific plugs, use of the preconditioning function (e.g., remote-controlled air conditioning of the vehicle), power availability at the charging terminal, charge status and age of the battery. The charging power decreases as the charge status increases. Charging losses are included. ⁹ Source: autoflotte.de: Audi A6 Sportback e-tron: Bavarian Miles Master. (in German only) 10 Source: efahrer.com: Electric full-size class sets new standards.
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⁹ Source: autoflotte.de: Audi A6 Sportback e-tron: Bavarian Miles Master. (in German only) 10 Source: efahrer.com: Electric full-size class sets new standards. (in German only) 11 Source: autozeitung.de: Hopes pinned on the A6 e-tron: Test drive summary for the Audi S6 Avant. (in German only) An innovation from Audi: the virtual exterior mirrors,⁷ here on the Audi A6 Avant e-tron performance.* Photos: AUDI AG
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13 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix new models are being presented by Audi in 2024 and 2025. There is still much to do until the new models start to impact volume and profit globally. The Performance Program 14 is all the more important in order to keep Audi on track financially. >20 Audi A6 Avant: fuel consumption (combined): 9.1–5.1 l/100 km; CO₂ emissions (combined): 206–133 g/km; CO₂ class: G–D. Economic development deteriorated further in the regions in 2024, especially in Germany. Additional challenges such as intensified competition and tighter legislation were a strain on the automotive industry. As a result, numerous car manufacturers and suppliers had to adjust their profit forecasts and introduce structural measures. At the same time, Audi launched the biggest model initiative in its history – an enormous task for the entire organi- zation. Despite this difficult environment, we man- aged to keep Audi on track and achieved a robust financial performance in 2024. The main steps in the coming years will include future-proofing Audi in the face of increased global competition.
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The main steps in the coming years will include future-proofing Audi in the face of increased global competition. With the Audi Agenda, we have de- fined a clear plan and are setting about the right tasks. We are continuing to pursue our unprece- dented model initiative and focusing increasingly again on “Vorsprung durch Technik,” quality and design as our brand core. And we are realigning our business model in China together with our partners. All of this requires extensive financial resources. To free up these resources, we launched the Perfor- mance Program 14. The program establishes the foundation for necessary investments and secures our profitability. Since the program was launched in 2023, we have already been able to achieve sig- nificant progress. I am well aware, however, that further difficulties lie ahead and we must remain consistent in order to achieve our profitability targets in the long term. This is why we are driving the fundamental transfor- mation of Audi with full force: We are streamlining structures and processes and reducing complexity wherever we can. Together we will seize the oppor- tunity and embrace the necessary changes so we can take Audi to the top again.
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Together we will seize the oppor- tunity and embrace the necessary changes so we can take Audi to the top again. Jürgen Rittersberger Member of the Board of Management of AUDI AG, Finance, Legal Affairs and IT Economic performance as the basis for future viability Photos: AUDI AG 13 Audi Report 2024
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14 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix Technical innovations in areas such as performance, charging and digitalization are thanks, among other rea- sons, to the new Premium Platform Electric (PPE). Devel- oped specifically for electric models, its architecture allows for use of a flat-shaped battery and therefore ideally fulfills requirements for an especially sporty design. A complete- ly new drive system and a new, powerful and modular high-voltage battery were developed for the PPE. The vehicle platform offers a great deal of flexibility so that both low-floor models, such as the Audi A6 e-tron, and high-floor models, such as the Audi Q6 e-tron, are possible in the midsize and full-size segments. The platform strategy enables Audi to offer innovative products and leverage synergies at the same time. This means that the company can focus to a greater extent on the product features that set Audi apart, including progressive design and premium handling characteristics. New electronics architecture creates rich digital customer experience In March 2024, the Audi Q6 e-tron was the first high-floor model based on the PPE to be unveiled by Audi.
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New electronics architecture creates rich digital customer experience In March 2024, the Audi Q6 e-tron was the first high-floor model based on the PPE to be unveiled by Audi. The Audi A6 e-tron and Audi Q6 e-tron models not only share the same vehicle architecture, they also have the same electronics architecture (E³ 1.2). The models in the Audi Q6 family combine everyday usability, strong emotionality and driving pleasure thanks to sporty powertrains. Test winner: The Audi SQ6 SUV e-tron12 was awarded “German Car of the Year” in the New Energy Vehicle category in 2025. 12 Audi SQ6 e-tron: electric power consumption (combined): 18.6–17.2 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. Photos: AUDI AG
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15 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix This completely new architecture is scalable and used by several brands in the Volkswagen Group. The individual software components were customized by Audi for each specific model. The core elements of the new E³ 1.2 are five high-performance computers, which cover all vehicle functions – from the drive and assist systems to the info- tainment and convenience systems through to the safety systems and backend networking. All five computers are designed to accommodate future functional and system enhancements. In addition, the new electronics architecture is equipped for future over-the-air updates. Among other features, the E³ 1.2 offers a fully connected digital interior. For example, a learning intelligent voice assistant (Audi assistant13) in Audi A6 e-tron models can control a large number of vehicle functions, learn from the driver’s behavior and actions and make predictive sug- gestions adapted to the situation. The Audi assistant13 is augmented by the integrated ChatGPT function,14 which can read content while driving and allows interaction with the car in natural language.
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The Audi assistant13 is augmented by the integrated ChatGPT function,14 which can read content while driving and allows interaction with the car in natural language. A further highlight is the new augmented reality head-up display.15 It gives drivers the impression that the elements displayed, such as naviga- tion instructions, are hovering up to 200 meters away and interacting directly with the environment. The displays can be understood quickly, without irritating or distracting the driver – a great help, especially in poor visual conditions. 13 This function is available optionally for an extra charge. Availability is dependent on vehicle model and model year. Part of Audi connect navigation & infotainment (IT3). Language availability is country-specific. For information on country and language availability, please contact an Audi Partner or visit the Audi configurator at www.audi.de (in German only). Further information on the Audi assistant at www.audi.de/technologie (in German only). 14 Part of Audi connect navigation & infotainment (IT3). Language availability is country-specific. For information on country and language availability, please contact an Audi Part- ner or visit the Audi configurator at www.audi.de (in German only). Further information on the Audi assistant at www.audi.de/technologie (in German only).
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Further information on the Audi assistant at www.audi.de/technologie (in German only). ChatGPT is provided via Microsoft Azure® OpenAI Service. Microsoft, Azure and their logos are registered trademarks of Microsoft Corporation in the United States of America and/or other countries. The name “OpenAI” and the brand ChatGPT are the property of OpenAI. For technological reasons, the provision of incorrect information by AI systems cannot be completely ruled out. On matters relating to the vehicle, always consult the Owner’s Manual in case of doubt. 15 This function can be configured optionally and is available for an extra charge. Further information in the Audi configurator at www.audi.de (in German only). The MMI panoramic display featuring a curved design and OLED technology consists of the 11.9-inch Audi virtual cockpit and the 14.5-inch MMI touch display. Together with the 10.9-inch MMI front passenger display, it forms a visually well-defined digital stage. Photos: AUDI AG The front passenger benefits too, thanks to a separate display with privacy mode. They can enjoy entertainment content on the optional front passenger display during the journey, for example, they can watch movies or stream se- ries without distracting the driver.
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They can enjoy entertainment content on the optional front passenger display during the journey, for example, they can watch movies or stream se- ries without distracting the driver. Thanks to the third-party store for apps, users can install many of their favorite apps directly in the car and use them on the vehicle display. It is also possible in part to interact with these apps via voice input. Customers can also order new vehicle functions, such as driver assist systems or sound functions, in the usual manner as part of the functions on demand offering. “The digital customer experience must be simple, intuitive and innovative – just like quattro drive,” says Gernot Döllner. “The foundation for this is high-end technology that offers customers maximum driving pleasure and comfort.” Being flexible counts: Attractive combustion engine models complement the BEV portfolio Audi customers can also experience the innovations in the area of digitalization and the new interior in combustion engine models. In addition to extending the all-electric portfolio, Audi is launching a new generation of models with efficient combustion engines. The Audi A5 family in the Sedan and Avant body styles were the first models to be presented in July 2024.
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16 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix Geopolitical uncertainties, turbulent financial markets and an unprecedented level of competition. The automo- tive industry is facing massive challenges. At Audi we are currently tackling what is probably the largest transfor- mation in the company’s history. And it is not just about new products and technologies, rather the consistent realignment of the entire organization. The goal and the direction are clear: if we want to successfully compete in the future, Audi needs to be faster and more effective. With this in mind, we have made important structural changes. Our focus is a streamlined organization with flat hierarchies and clear responsibilities, fast decision- making processes and competitive cost structures. The transformation of Technical Development and the product lines toward a matrix organization acted as the launching pad for reorganizing all of the divisions. 2025 will then focus entirely on its implementation. Topics such as electric mobility, digitalization and sus- tainability are also fundamentally changing our working world and entire professions. We have established clear target visions for transformation of the workforce based on our corporate strategy, which precisely define the direction we want to take.
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We have established clear target visions for transformation of the workforce based on our corporate strategy, which precisely define the direction we want to take. They highlight the task areas that will cease to apply and also the areas where we want to increase personnel and build expertise. With this in mind we will develop new key competences and invest strategically in training and development for our employees – around EUR 400 million in 2022, 2023 and 2024 alone. We know that as a company we can only continue to evolve if the people who work for us join us on this path. Our corporate values – trust, responsibility, courage and enthusiasm – guide us on this path while the extended job security up until the end of 2033 provides sound prospects. I am aware that major challenges lie ahead for the entire Audi team, which will involve significant changes for many employees. The Audi spirit is paramount for me in this respect. To ensure a successful transformation, it is crucial that all employees are committed and identify with Audi. We will overcome the challenges ahead and achieve our goals together within the Audi team.
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To ensure a successful transformation, it is crucial that all employees are committed and identify with Audi. We will overcome the challenges ahead and achieve our goals together within the Audi team. Xavier Ros Member of the Board of Management of AUDI AG, Human Resources We are driving the transformation within the Audi team were invested by Audi in employee training and development in 2022, 2023 and 2024 EUR million 400 Photos: AUDI AG 16 Audi Report 2024
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17 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix Audi is taking a further step toward electrifying its combustion engine models. With the Premium Platform Combustion (PPC), MHEV plus technology is being used for the first time in the Audi A5 family. It offers customers partially electric driving with a powertrain generator. The new Audi Q516 and Audi SQ517 models impress with their dynamic design and modern technology. All available drive systems use the MHEV plus mild-hybrid system. They dazzled the trade press with their “impressive per- formance and optimized handling.”18 The new Audi Q5 models made their debut later in the year, while the new Audi A6 Avant19 is set to premiere in March 2025. The new combustion engine models are based on the Premi- um Platform Combustion (PPC). What sets them apart is the exceptional driving pleasure and a technologically advanced drive system. The partly electrified, enhanced mild hybrid powertrains improve responsiveness and enable partially electric driving, for example, when maneuvering into a parking space. This reduces CO₂ emissions. Plug-in hybrids will be added to the Audi A5 and Audi Q5 family in 2025.
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This reduces CO₂ emissions. Plug-in hybrids will be added to the Audi A5 and Audi Q5 family in 2025. The Audi A3, Audi Q7 and Audi Q8 were already presented as plug-in hybrids in 2024. Audi will continue to expand the fully electric model range in parallel. The company already had 10 BEVs (battery electric vehicles) model in its portfolio in the year under review, six of which were presented in 2024 alone. As well as the Audi A6 e-tron and Audi Q6 e-tron family, these include new Audi e-tron GT models. CEO Döllner confirms: “We are continuing to work consistently on electrifying our model range.” He adds: “By the end of 2025, we will have tackled the largest model initiative in the history of Audi and then have the youngest portfolio in our competitive segment.” 16 Audi Q5 SUV: fuel consumption (combined): 8.8–5.9 l/100 km; CO₂ emissions (combined): 200–148 g/km; CO₂ class: G–E.
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17 Audi SQ5 SUV TFSI: fuel consumption (combined): 8.8–8.1 l/100 km; CO₂ emissions (combined): 200–185 g/km; CO₂ class: G. 18 Source: motor1.com: Audi A5 and S5 (2025) put to the test: Does it really have what it takes to be a bestseller? (in German only) 19 Audi A6 Avant: fuel consumption (combined): 8.0–5.0 l/100 km; CO₂ emissions (combined): 181–130 g/km; CO₂ class: G–D. Photo: AUDI AG
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18 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix 8 Battery charging time and power can vary depending on various factors such as ambient and battery temperature, use of other country-specific plugs, use of the preconditioning function (e.g., remote-controlled air conditioning of the vehicle), power availability at the charging terminal, charge status and age of the battery. The charging power decreases as the charge status increases. Charging losses are included. 20 Source: topgearitalia.com: Audi RS e-tron GT performance test – a grand tourer with flair. (in Italian only) 21 Audi RS e-tron GT performance: electric power consumption (combined): 20.8–18.7 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. 22 Audi RS e-tron GT: electric power consumption (combined): 22.1–18.4 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. 23 Audi RS Q e-tron: This vehicle is the Dakar Rally race car; it is not available for purchase. At the same time, the company is facing increasingly volatile customer demand for BEV models and intense competition in many markets.
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At the same time, the company is facing increasingly volatile customer demand for BEV models and intense competition in many markets. As further electric models are introduced, the company is anticipating that BEV models will make up an additional portion of vehicle sales. Nonetheless, Audi is still in a transition period and therefore remains flexible in the medium term as regards its powertrain strategy. This means that the response to different customer require- ments and regulatory constraints will vary on a regional basis and that production of the last combustion engine models will be managed in line with global market trends. “We continue to offer our customers highly competitive combustion engine, plug-in hybrid and electric models,” Döllner summarizes. All-electric: the product portfolio of the future The company laid important groundwork for future Audi models in 2024. The focal point will be all-electric low- floor and high-floor models in the core Audi midsize and full-size segments. In addition, Audi plans to launch iconic models on the market – cars that drive “Vorsprung durch Technik” to new highs, are unique in their segment and will also remain desirable for a long time.
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In addition, Audi plans to launch iconic models on the market – cars that drive “Vorsprung durch Technik” to new highs, are unique in their segment and will also remain desirable for a long time. As was the case in the past with the Audi R8, the Audi TT or currently with the Audi RS e-tron GT.22 The next icon will be an electric entry- level model in the A segment with impressive efficiency. “Regardless of the model, emotional design, quality, sporty performance, driving dynamics and comfort as well as a dig- ital customer experience – this is what sets an Audi apart.” Brand core: technology that impresses Audi needs a strong brand in addition to an attractive prod- uct portfolio. For Audi, “Vorsprung durch Technik” means challenging the status quo with inspiring technologies. This can also be seen in the world of motorsport: Audi won the legendary Dakar Rally with the Audi RS Q e-tron23 in early 2024, thus making motorsport history. The racing car combines an electric powertrain with an energy converter system based on the TFSI engine and a generator. It became the first car to win the legendary desert race with this type of drive system.
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The racing car combines an electric powertrain with an energy converter system based on the TFSI engine and a generator. It became the first car to win the legendary desert race with this type of drive system. When Audi joins the top tier of motorsport in 2026, it will face its most challenging task yet in terms of the combination of sustainability, innovation and maximum performance. Formula 1 is a rapidly growing racing series, which offers significant potential for the brand owing to “Monstrous performance and velvety-smooth driving experience. Two seemingly irreconcilable souls co-exist. In short: the pure essence of the Gran Turismo.”20 This was the trade press con- clusion after test driving the Audi RS e-tron GT performance.21 With this model, Audi is offering its customers a progressive sports car and, at the same time, a four-seater touring sedan with long-distance capability thanks to a charging capacity of 320 kW.8 Photo: AUDI AG Gernot Döllner Chairman of the Board of Management of AUDI AG We continue to offer our customers highly competitive combustion engine, plug-in hybrid and electric models.
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19 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix For Audi, 2024 marked the beginning of a transition period – this is also reflected in our delivery figures. That said, I remain firmly convinced that we will achieve our long-term goals. We are consistently rejuvenating our product portfolio – with more than 20 new models in 2024 and 2025. By focusing on the three key aspects of electric cars, plug-in hybrids and combustion engine models, we are in a strong posi- tion for the future and can offer our customers a wide range of premium vehicles globally. Our global dealerships play a key role in this forward- looking approach. They are the backbone of our sales and distribution and are critical for market penetration in more than 110 countries. Our dealerships are the key interface to our customers, whether in relation to sales and consultancy services or after sales services such as maintenance and repairs. The entire automotive industry is in the midst of an extensive transformation driven by technological prog- ress and changing customer preferences. Digitalization will continue to significantly impact the dealer net- work, with increasingly more digital offers coming on stream. The dealership is a crucial asset in the context of such change.
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Digitalization will continue to significantly impact the dealer net- work, with increasingly more digital offers coming on stream. The dealership is a crucial asset in the context of such change. Our dealerships are the very backbone of our sales and are critical for ensuring customer sat- isfaction. Our global service partner network supports more than 82,000 customers every day, with more than 20 million vehicles passing through the work- shops globally in 2024. At the heart of this is a con- sistently premium customer experience at all points of contact and across the entire usage phase of the vehicle. Thanks to this personal contact and individual consultancy, our service partners strengthen customer retention, generate enthusiasm and inspire brand loy- alty. This gives Audi a competitive edge and allows us to sustainably strengthen our global market position. Marco Schubert Member of the Board of Management of AUDI AG, Sales and Marketing The importance of our dealership network: present and future perspectives on average are supported every day by the global Audi service partner network 82,000 customers Photo: AUDI AG 19 Audi Report 2024
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20 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix Photos: AUDI AG Flat hierarchies, clear responsibilities, faster decision-making processes for enhanced collaboration – these are the goals of the reorganization taking place. The transformation of Technical Development, the product lines and participating interface partners toward a matrix organization acted as the launching pad for reorganizing all of the divisions. 24 Audi Q8 e-tron: electric power consumption (combined): 28.0–19.5 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. 25 Negotiations had not been completed by the editorial deadline of the Audi Report on February 20, 2025. its continued global expansion, huge popularity with fans and the enormous marketing opportunities. During the past year, Audi assembled its factory team for Formula 1, laying the groundwork for future sporting successes. Internal transformation under way The transformation toward a manufacturer of all-electric and fully connected vehicles is the most significant change in the company’s history. At the same time, economic conditions are becoming increasingly tough. Competitive pressure and political uncertainty are posing unprecedented challenges for the company.
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At the same time, economic conditions are becoming increasingly tough. Competitive pressure and political uncertainty are posing unprecedented challenges for the company. “We can no longer develop and produce cars using the same processes as 20 years ago,” says Döllner. “We therefore must and will make Audi more efficient, more competitive and more resilient for the future.” Already in 2024, the company reduced the number of commit- tees, accelerated processes and began to extensively reorga- nize corporate structures. The goals are clear: flat hierarchies, clearly defined responsibilities, fewer interfaces, faster deci- sions. The transformation of Technical Development, the prod- uct lines and participating interface partners toward a matrix organization acted as the launching pad for reorganizing all of the divisions. The new collaboration model minimizes inter- faces, accelerates decision-making processes and therefore also vehicle development, and promotes innovation. Audi will continue to stand for emotional design in the future. Responsibility for achieving this was placed in the hands of Massimo Frascella and his team on June 1, 2024. Organizationally too, Audi Design has been strengthened. As a brand-building unit of strategic relevance, it reports directly to the Chairman of the Board of Management.
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Organizationally too, Audi Design has been strengthened. As a brand-building unit of strategic relevance, it reports directly to the Chairman of the Board of Management. To free up the resources needed for its transformation, Audi launched the Performance Program 14. It addresses central cost and revenue potential and therefore provides the finan- cial basis for implementing the company’s strategy. In parallel, the company initiated further far-reaching changes in 2024. These include the premature end of pro- duction of the Audi Q8 e-tron24 and the termination of pro- duction in Brussels. Company management and the Works Council began joint negotiations in the year under review to ensure that the German sites are well positioned for the future. These talks focused on content-driven changes to the structural reorganization of the company.25
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21 Audi R eport 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix More than 20 new Audi models will celebrate their world premiere in 2024 and 2025. This product initiative presents many technical high- lights, especially in the areas of efficiency, range, performance and driving dynamics. The new Audi A6 Sportback e-tron⁶ is a shining example of this. With a drag coefficient of 0.21, it is the most aerodynamic Audi of all time. The Audi Q6 e-tron features a world innovation with the active digital light signature. This sets new standards in lighting technology, enables Car-to-X communication and can increase safety in road traffic. The plan for the future is to continue to build on established Audi strengths such as design, chassis construction and the quattro all-wheel drive sys- tem. At the same time, we want to give our promise of “Vorsprung durch Technik” a broader perspective. We will increase investment in innovations and focus on delivering a holistic customer experience: from drive efficiency and driving dynamics to the digital ecosystem through to highly connected driver assist systems.
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We will increase investment in innovations and focus on delivering a holistic customer experience: from drive efficiency and driving dynamics to the digital ecosystem through to highly connected driver assist systems. In addition, we will offer vehicles that are developed uncompromisingly around software and digital efficiency – these are referred to as software-defined vehicles (SDV). To achieve this goal, we need efficient and competitive development processes. We have already made considerable progress with the introduction of the matrix organization as well as the transformation of Technical Development and the product line or- ganization. Moreover, we have defined an ambitious innovation roadmap – with a clear promise: simple, intuitive solutions for our customers. That’s innova- tion. That’s “Vorsprung durch Technik.” Geoffrey Bouquot Member of the Board of Management of AUDI AG, Technical Development Reinforcing “Vorsprung durch Technik” and innovative strength Photos: AUDI AG ⁶ Audi A6 Spor tback e-tron: electric power consumption (combined): 16.7–13.6 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A.
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21 Audi R eport 2024 were in the Audi portfolio in 2024 10 BEVs
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22 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix 26 The vehicle mentioned is a concept vehicle that is not available as a series-production vehicle. All possible uses of the technical systems and functions described represent only a possible concept and are dependent on the respective legal regulations in the relevant country. Photos: AUDI AG China market: two partners, twice the strength The Chinese market is an excellent example of how Audi is upping the pace at present. As early as 1988, Audi demon- strated its pioneering status in China as the first premium automotive brand. In 2024, the company showed its cour- age once more and its pioneering spirit, when Audi became the first global car manufacturer to launch a premium brand for intelligent and interconnected e-vehicles, specifically tailored to the Chinese premium market. The AUDI sister brand and its first AUDI E concept26 showcar debuted at the Guangzhou Motor Show. Positioned in and tailored to China, the brand and the car represent the best of both worlds – the unmistakable Audi DNA combined with innovations from China. The public response was also very positive, with the product launch of the AUDI E concept26 proving extremely successful in terms of media reach.
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The public response was also very positive, with the product launch of the AUDI E concept26 proving extremely successful in terms of media reach. The company is developing further new models under the new sister brand AUDI together with its partner SAIC. Audi deliberately founded the brand in order to tap into younger, tech-savvy Chinese customer groups. The joint venture com- bines the traditional strengths of Audi in the area of design and driving dynamics with SAIC’s speed of innovation and expertise in China-specific digital features. The AUDI E concept26 showcar is the first concept vehicle from the new AUDI sister brand. The series-production version of the AUDI E concept26 is due to be unveiled as early as April 2025 – a midsize model fea- turing the latest charging technology, a smart cockpit and advanced driver assist systems. It will go on sale in the same year. In collaboration with SAIC, Audi was able to reduce the development time for the model by 30 percent. The company plans to introduce two additional AUDI models in the C segment onto the market within the next two years – an SUV and a Sportback. The front and rear design of the AUDI E concept26 are radically new, iconic and charismatic.
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The front and rear design of the AUDI E concept26 are radically new, iconic and charismatic. At the same time, AUDI – without the Four Rings logo, but written in capital letters – signals the connection to and differentiation from the sister brand.
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23 Audi R eport 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix In December 2024, we reached an important milestone for Audi in China with the start of production in the new Audi FAW NEV Company. The new production site in Changchun, which we will operate together with our long-standing partner FAW, sets new standards in the Audi production network thanks to its cutting-edge, digitalized and net carbon-neutral 27 production. The first vehicle to roll off the production line here will be the Audi Q6 e-tron model that was specifically developed for China, to be followed later on by the Audi A6 e-tron. Producing market-specific models locally was always the key to our success in China. And proximity to our customers will also become more im- portant in terms of the global perspective – especially in politically uncertain times. That is why we are focus- ing even more on market-based production in the three core regions of Europe, North America and China. As well as our focus on location, we are adopting a holistic approach with the 360factory strategy, by modernizing and transforming our production sites.
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As well as our focus on location, we are adopting a holistic approach with the 360factory strategy, by modernizing and transforming our production sites. To secure the competitiveness of Audi in the long term, we want to significantly reduce our factory costs by 2033 – for example, by reducing complexity, increasing automation and pushing ahead with the digitalization of production. We also want to minimize our carbon footprint in production and logistics. Since January 1, 2025, production operations at all Audi production sites worldwide have been net carbon-neutral. 27 But decar- bonization is not our only focus. We are also commit- ted to the efficient use of resources, economical water usage and protection of biodiversity. I am aware that these are ambitious goals that we can only achieve together with a top team. And that is why we want to further increase our attractiveness as an employer, for example through more flexible working hours, also for employees who work fixed-cycle shifts. Gerd Walker Member of the Board of Management of AUDI AG, Production and Logistics Future production is flexible and sustainable.
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Gerd Walker Member of the Board of Management of AUDI AG, Production and Logistics Future production is flexible and sustainable. 27 Audi r egards net carbon neutrality as a state in which, following the exhaustion of other possible measures aimed at reducing the still remaining CO₂ emissions caused by the products or activities of Audi and/or currently unavoidable CO₂ emissions within the scope of the supply chain, manufacturing and recycling of Audi vehicles, at least quantitative compensation is provided through voluntary and globally conducted compensation projects. Throughout the utilization phase of a vehicle, meaning from when a vehicle is delivered to a customer, CO₂ emissions produced are not taken into account. Model illustrated: Audi A6 Sportback e-tron: electric power consumption (combined): 16.7–13.6 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. Photos: AUDI AG production operations at all Audi production sites have been net carbon-neutral 27 2025 Since January 1, 23 Audi R eport 2024
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24 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix24 Audi Report 2024 27 Audi regards net carbon neutrality as a state in which, following the exhaustion of other possible measures aimed at reducing the still remaining CO₂ emissions caused by the products or activities of Audi and/or currently unavoidable CO₂ emissions within the scope of the supply chain, manufacturing and recycling of Audi vehicles, at least quantitative compensation is provided through voluntary and globally conducted compensation projects. Throughout the utilization phase of a vehicle, meaning from when a vehicle is delivered to a customer, CO₂ emissions produced are not taken into account. 28 Audi Q6 L e-tron: This vehicle is manufactured locally by associated companies and available and sold exclusively in China. 29 Audi A5 L: This vehicle is manufactured locally by associated companies and available and sold exclusively in China. Agnateca temporro quatque volorehendae vernam rem ever- cidus issinci dolorem que nullendam, niendit, cus, seraerum Photos: AUDI AG Another important milestone in the strategy for the Chinese market: the start of production of the Audi Q6 L e-tron28 family in Changchun in collaboration with First Automotive Works (FAW) at the end of 2024.
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The new production site is the first in China to exclusively produce fully electric Audi models based on the PPE. The Audi Q6 L e-tron family will be the first to roll off the production line here, followed later by a market-specific version of the Audi A6 e-tron. The new models stand out not only in relation to the traditionally longer wheelbase, but also offer additional design features and digital experiences tailored to Chinese customers. “The start of production in Changchun represents a signif- icant step forward in our electrification strategy. We are therefore upholding our commitment to the Chinese mar- ket,” explains Gernot Döllner. “The models produced here will play a crucial role in our local portfolio and strengthen our position in this key market.” With its state-of-the-art, fully digitally integrated and eco-friendly production, the plant is setting new standards across the entire Audi production network, and contributing to Mission:Zero, the global environmental program for all Audi production sites. Production at the plant is planned to be net carbon-neutral27 from the beginning with an annual capacity of more than 150,000 vehicles.
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Production at the plant is planned to be net carbon-neutral27 from the beginning with an annual capacity of more than 150,000 vehicles. Since the end of December 2024, the Audi Q6 L e-tron28 has been produced exclusively for the Chinese market by Audi FAW NEV Company, a cooperation project between Audi and FAW. As a combustion engine model specially for the Chinese market, the Audi A5 L29 is based on the Premium Platform Combustion (PPC).
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25 Audi R eport 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix Our supply chain is long and globally spread. We are currently working with more than 12,400 suppliers in over 60 countries. This requires responsible and intelligent supply chain management – especially in challenging times when geopolitical crises and a weak economy are putting automotive markets and supply chains under pressure. Added to this are other disruptive factors such as the increased risk of decoupled trade relations as well as site-specific pressures such as strikes and natural disasters. All the more important in this context is an end-to- end procurement strategy, which focuses on creat- ing value for Audi. Our primary goal is to procure the right parts in the right quality at the right time – and under the best possible economic conditions and in close collaboration with the Volkswagen Group. We focus above all on innovative strength in addition to certainty of supply in the supply chain. In close coordination with Technical Development, we are focusing even more strongly on long-term collaboration with highly innovative suppliers. This helps us to implement our ambitious technology roadmap and bring vehicles to market that offer the best possible benefit for customers. In addition, we want to increase sustainability in our supply chain together with our partner companies.
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This helps us to implement our ambitious technology roadmap and bring vehicles to market that offer the best possible benefit for customers. In addition, we want to increase sustainability in our supply chain together with our partner companies. Audi has implemented various processes, guidelines and measures here in order to continually improve and enhance standards in the supply chain. For example, suppliers have to successfully complete the Sustainability Rating (S-Rating) on a risk basis in the areas of environment, social issues and in- tegrity before we begin the contract award process. Another concern in terms of reducing our ecological footprint is the responsible handling of resources, focusing on the circular economy and the use of re- cycled materials in our vehicle parts. In this respect, we are pushing ahead with the reuse of aluminum, steel, glass, plastic and batteries.
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In this respect, we are pushing ahead with the reuse of aluminum, steel, glass, plastic and batteries. Renate Vachenauer Member of the Board of Management of AUDI AG, Procurement Robust and sustainable supply chains >12,400 Photos: AUDI AG make up the global Audi supplier network suppliers 25 Audi R eport 2024 Audi A6 Avant e-tron performance: electric power consumption (combined): 17.0–14.8 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A.
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26 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix California Dreamin’: The Audi RS 6 Avant GT30 represents the pinnacle of its model series. Now in its fourth generation, it enjoys cult status in the US. 26 Audi Report 2024 Gernot Döllner Chairman of the Board of Management of AUDI AG Our previous achievements give me reason to be confident. Now it’s about staying the course, acting consistently and putting Audi back on top again. Photos: AUDI AG 30 Audi RS 6 Avant GT: fuel consumption (combined): 12.7–12.2 l/100 km; CO₂ emissions (combined) 289–277 g/km; CO₂ class: G. US market: foundation laid for future success Besides China, it is above all the US market that will drive global demand for premium cars for the foreseeable future. Audi is underscoring its commitment in the region of North America and is currently looking into further localization options, including potential for cooperation as part of the Volkswagen Group’s North America strategy – also in areas such as battery production and charging infrastructure. The switch to BEVs presents a unique opportunity in North America.
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The switch to BEVs presents a unique opportunity in North America. And this opportunity must be seized systemati- cally. Audi is working intensively to set the right strategic course in order to maximize market penetration. Attractive models will be available for customers in the USA in upcom- ing months with the model families of the Audi A6 e-tron, Audi Q6 e-tron, Audi A5, Audi Q5 and Audi A6. Focus on software A core element of the Audi Agenda is the systematic accel- eration of development work through the introduction of a matrix organization. This involves a paradigm shift toward integral development of vehicles with software as a leading element – so-called software-defined vehicles. The focus is shifting to include software functions in the development process in addition to hardware components such as the body, powertrain and suspension. Software and electronics are set to become the primary drivers of innovation in the future. With this in mind, a separate “Innovation and Software- Defined Vehicle” division was established in the year under review under the leadership of Geoffrey Bouquot, which was then integrated into Technical Development on January 1, 2025. Geoffrey Bouquot took over responsibility for the combined division from this date, too.
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27 Audi Report 2024 FinanceStrategy & Company ESG AppendixFinanceStrategy & Company ESG Appendix Gernot Döllner Chairman of the Board of Management of AUDI AG With the Audi Agenda, we have defined a clear plan. We are a strong team and are tackling the challenges together. 31 Audi Q6 Sportback e-tron: electric power consumption (combined): 18.9–15.6 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. You can find more information at audi.com. Strong partnerships globally Strong partnerships are also an important success factor on the path to the software-defined vehicle (SDV). With the joint venture between the Volkswagen Group and Rivian, Audi now has a clear roadmap for the future. The Volkswagen Group and Rivian are bundling the innovative strength of both companies in the newly founded company and plan to jointly develop a new electronics architecture for the SDV. Rivian’s software and electrical hardware technol- ogy complements the global presence and competence of the Volkswagen Group in the area of vehicle platforms. This should reduce development costs and help to scale new technologies faster. The architecture will enable over-the-air updates and offer scalability across all segments.
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This should reduce development costs and help to scale new technologies faster. The architecture will enable over-the-air updates and offer scalability across all segments. The first cars featuring the new architecture will be introduced onto the market in 2027. Audi is playing a leading role in this respect, with teams from Audi and Rivian having already demonstrated the technological potential of the joint endeavor in the form of a roadworthy demonstration model of the Audi Q6 e-tron. Audi also benefits from other partnerships in the Group, such as with Mobileye for developing autonomous driving functions for Europe and North America, or with Horizon Robotics in China. The company develops infotainment functions with Cariad in the European and North American market and with ThunderSoft in China. This means that Audi can offer tailored solutions for its customers in different markets. According to Döllner: “Working with strong part- ners we can improve our products, reduce costs and increase the pace of development.” 27 Audi Report 2024 Audi on the offensive The political and overall economic situation along with strong competitive pressure, especially in the core markets of Europe, China and the US, pose major challenges for Audi. At the same time, the company is facing an unprecedented internal transformation.
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At the same time, the company is facing an unprecedented internal transformation. “We are facing the future with confidence,” says Döllner. “With the Audi Agenda, we have defined a clear plan. We are a strong team and are tackling the challenges together.” Courage, pioneering spirit and innovative strength are values that characterize the Audi team – and have already allowed it to celebrate success in 2024. “Our previous achievements give me reason to be confident. Now it’s about staying the course, acting consistently and putting Audi back at the top again.” New platform, electronics architecture, charging and battery technology: The Audi Q6 Sportback e-tron31 epitomizes the transformation of the Audi brand to a leading premium provider in the field of electric mobility. Photo: AUDI AG
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Strategy & Company Finance ESG Appendix 28 Audi R eport 2024 Photos: AUDI AG, Bentley Motors Ltd., Automobili Lamborghini S.p.A., Ducati Motor Holding S.p.A. W ith Audi, Bentley, Lamborghini and Ducati, the Brand Group Progressive combines strong and in- dependent brands from the premium, luxury and supersport segments. What unites the four brands is their absolute commitment to high-class products in their respective segments as well as a clear and unconditional focus on customer expectations. Audi, Bentley, Lamborghini and Ducati are positioned differently in the market, with each having its own strategic focus. The key parameters for this collabo- ration are defined by the Volkswagen Group and brand group management at Audi. Audi not only assumes respon- sibility within the Supervisory Board of the respective brands, but also draws on the personal networking between managers. For example, the Audi Board of Management meets the boards of the respective brands locally twice a year to discuss their strategic and operational focus.
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For example, the Audi Board of Management meets the boards of the respective brands locally twice a year to discuss their strategic and operational focus. All four manufacturers collaborate transparently, where useful and expe- dient – for example, in relation to the transfer of key technologies, the shared use of platforms and architectures and the bundling of services. This not only increases efficiency, but ultimately also benefits the customer. They profit from products that reflect the expertise of the entire company group, with synergies sought at each stage of the value chain. For example, the Audi Q7,¹ Audi Q8,² Bentley Bentayga and Lamborghini Urus³ models share the modular longitudinal matrix (MLB) as a platform. This in turn enables greater differentiation in cus- tomer-relevant fields such as display and operating concept, driving dynamics and design. Information is also shared on a regular, needs-driven basis in relation to key technology and product matters such as electrification technologies and customization strategies for vehicle models. Wherever reasonably possible, the brands also strive to achieve synergies in production.
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Wherever reasonably possible, the brands also strive to achieve synergies in production. In the year under review, not only did the sports car production facility at Böllinger Höfe in Neckarsulm construct the Audi e-tron GT⁴ models, the team in the body shop also worked simultaneously on the body of the Lamborghini Temerario.⁵ In the area of procurement, the brands bundle their demand for carry-over parts in numerous fields, procure these parts collectively and thus benefit from better terms and conditions. Advances in ESG factors can also be achieved in the supply chain thanks to the use of a Group-wide sustainability rating for suppliers. ¹ Audi Q7: fuel consumption ( weighted combined): 12.7–1.2 l/100 km; electric power consumption (weighted combined): 29.1–27.8 kWh/100 km; CO₂ emissions (weighted combined): 289–28 g/km; CO₂ class (weighted combined): G–B; fuel consump- tion with empty battery (combined): 10.5–9.8 l/ 100 km; CO₂ class with empty battery: G.
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² Audi Q8: fuel consumption ( weighted combined): 13.6–1.2 l/100 km; electric power consumption (weighted combined): 30.4–27.7 kWh/100 km; CO₂ emissions (weighted combined): 310–27 g/km; CO₂ class (weighted combined): G–B; fuel consump- tion with empty battery (combined): 10.9–9.8 l/ 100 km; CO₂ class with empty battery: G. ³ Lambor ghini Urus: fuel consumption (weighted combined): 14.9–2.1 l/100 km; electric power con- sumption (weighted combined): 39.5 kWh/100 km; CO₂ emissions (weighted combined): 320–51.3 g/km; CO₂ class (weighted combined): G–B; fuel consump- tion with empty battery (combined): 12.9 l/100 km; CO₂ class with empty battery: G. ⁴ Audi e-tr on GT: electric power consumption (com- bined): 21.1–18.0 kWh/100 km; CO2 emissions (combined): 0 g/km; CO2 class: A.
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⁵ Lambor ghini Temerario: Data on CO₂ emissions and fuel consumption for EU27 are still pending, subject to EU type approval. Perfect partnership: Bentley, Lamborghini and Ducati are powering their way to an electric future 2 1 4 3 1 Audi S6 Spor tback e-tron: electric power consump- tion (combined): 16.7–15.7 kWh/100 km; CO₂ emissions (combined): 0 g/km; CO₂ class: A. 2 Bentley Flying Spur Speed: fuel consumption (weighted combined): 1.4 l/100 km; electric power consumption (weighted combined): 29.3 kWh/ 100 km; CO₂ emissions (weighted combined): 33 g/km; CO₂ class (weighted combined): B; fuel consumption with empty battery (combined): 10.7 l/100 km; CO₂ class with empty battery: G.
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3 Lamborghini R evuelto: fuel consumption (weighted combined): 11.9 l/100 km; electric power consump- tion (weighted combined): 10.1 kWh/100 km; CO₂ emissions (weighted combined): 276 g/km; CO₂ class (weighted combined): G; fuel consumption with empty battery (combined): 17.8 l/100 km; CO₂ class with empty battery: G. 4 Ducati DesertX Brand Group Progressive
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Strategy & Company Finance ESG Appendix 29 Audi Report 2024 Bentley Continental GT Convertible:⁸ The ultimate combination of supercar performance, handcrafted luxury and everyday suitability. Photos: Bentley Motors Ltd. I n the year under review, Bentley presented its Beyond 100+ strategy roadmap. The roadmap provides for a new plug-in hybrid model or battery elec- tric vehicle every year up to 2035. The first battery-electric Bentley will be launched in 2026 – and is set to establish a new segment as the world’s first real luxury SUV for urban living. At the same time, the British luxury brand is extending the life cycle of its plug-in hybrid models, before all-electric vehicles are to be exclusively offered from 2035. In addition, Bentley is investing sustainably in its “Dream Factory” in Crewe, where it is developing a flexible, digital plant for high-quality next-generation products. Since July 2024, responsibility for implementing the Beyond100+ strategy has been in the hands of the new Chairman and CEO Frank-Steffen Walliser, who succeeds Adrian Hallmark.
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Since July 2024, responsibility for implementing the Beyond100+ strategy has been in the hands of the new Chairman and CEO Frank-Steffen Walliser, who succeeds Adrian Hallmark. Defining premieres in 2024 Two new vehicles were launched by the luxury car manufacturer in the year under review. With the new Bentley Flying Spur,⁶ the brand presented the most powerful Bentley four-door of all times – now in ⁶ Bentley Flying Spur Speed: fuel consumption (weighted combined): 1.4 l/100 km; electric power consumption (weighted combined): 29.3 kWh/100 km; CO₂ emissions (weighted combined): 33 g/km; CO₂ class (weighted combined): B; fuel consumption with empty battery (combined): 10.7 l/100 km; CO₂ class with empty battery: G. ⁷ Bentley Continental GT Speed: fuel consumption (weighted combined): 1.3 l/100 km; electric power consumption (weighted combined): 27.7 kWh/100 km; CO₂ emissions (weighted combined): 29 g/km; CO₂ class (weighted combined): B; fuel consumption with empty battery (combined): 10.3 l/100 km; CO₂ class with empty battery: G.
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⁸ Bentley Continental GTC Speed: fuel consumption (weighted combined): 1.4 l/100 km; electric power consumption (weighted combined): 27.9 kWh/100 km; CO₂ emissions (weighted combined): 31 g/km; CO₂ class (weighted combined): B; fuel consumption with empty battery (combined): 10.6 l/100 km; CO₂ class with empty battery: G. Read more about sustainability in the Bentley Sustainability Report 2023. Sustainability is a top priority its fourth generation. At the heart of the new Flying Spur, which will debut first as the performance-oriented Speed model, is Bentley’s new Ultra Performance Hybrid powertrain with 782 PS and 1,000 Nm of torque. The vehicle also has a range of up to 76 kilometers (in the WLTP driving cycle) in all-electric mode – ideal for green zones or city traffic. The fourth generation of the two-door Continental GT Speed⁷ also celebrated its debut. It continues the 21-year tradition of the Continental GT product line and redefines the synthesis of supercar perfor- mance, handcrafted luxury and everyday use. Outstanding performance is guaran- teed thanks to the new Ultra Performance Hybrid powertrain.
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Outstanding performance is guaran- teed thanks to the new Ultra Performance Hybrid powertrain. The result is accelera- tion from 0 to 100 km/h in 3.2 seconds, an all-electric range of 81 kilometers and a total range of 859 kilometers (in the WLTP driving cycle). The Cabriolet (GTC⁸) is set to be launched at the same time as the Coupé (GT⁷).
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Strategy & Company Finance ESG Appendix 30 Audi R eport 2024 5 Lambor ghini Temerario: Data on CO₂ emissions and fuel consumption for EU27 are still pending, subject to EU type approval. ⁹ Lambor ghini Lanzador: The vehicle mentioned is a concept vehicle that is not available as a series-production vehicle. All possible uses of the technical systems and functions described represent only a possible concept and are dependent on the respective legal regulations in the relevant country. 10 Lamborghini Revuelto: fuel consumption (weighted combined): 11.9 l/100 km; electric power consumption (weighted combined): 10.1 kWh/100 km; CO₂ emissions (weighted combined): 276 g/km; CO₂ class (weighted combined): G; fuel consumption with empty battery (combined): 17.8 l/100 km; CO₂ class with empty battery: G.
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11 Lambor ghini Urus SE: fuel consumption (weighted combined): 2.1 l/100 km; electric power consumption (weighted combined): 39.5 kWh/100 km; CO₂ emissions (weighted combined): 51.3 g/km; CO₂ class (weighted combined): B; fuel consumption with empty battery (combined): 12.9 l/100 km; CO₂ class with empty battery: G. 12 Audi regards net carbon neutrality as a state in which, following the exhaustion of other possible measures aimed at reducing the still remaining CO₂ emissions caused by the products or activities of Audi and/or currently unavoidable CO₂ emissions within the scope of the supply chain, manufacturing and recycling of Audi vehicles, at least quantitative compensation is provided through voluntary and globally conducted compensation projects. Throughout the utilization phase of a vehicle, meaning from when a vehicle is delivered to a customer, CO₂ emissions produced are not taken into account. 13 T o achieve net carbon neutrality, clearly defined interim targets have been outlined that depend heavily on market developments and the pace at which electric mobility is expand- ed. Volatile markets and the uncertain economic and political climate stand in the way of making reliable statements about interim targets up to the year 2050. Photo: Automobili Lamborghini S.p.A.
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Volatile markets and the uncertain economic and political climate stand in the way of making reliable statements about interim targets up to the year 2050. Photo: Automobili Lamborghini S.p.A. A utomobili Lamborghini’s mission is to inspire and encourage others to tackle modern-day challenges. During the year under review, the brand demonstrated just how important sustain- able visions are. Lamborghini refined its Direzione Cor Tauri strategy, which acts as the brand’s basis for delivering a pact to future generations. The strategy aims to take another significant step forward in the company’s growth, further improve profit- ability and maintain the brand’s strong position compared with the competition, while also acting as a roadmap for innova- tion and sustainable progress. The end of the decade heralds the start of the era of all-electric Lamborghini vehicle models: A fourth product line will debut based on the Lamborghini Lanzador⁹ concept car, followed by the first all-electric Super SUV. During the year under review, the hybrid- ization of all three product lines marked the first milestone on the path toward electrification of the fleet.
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During the year under review, the hybrid- ization of all three product lines marked the first milestone on the path toward electrification of the fleet. Following the Lamborghini Revuelto,¹⁰ the brand presented its second High Performance Electrified Vehicle (HPEV) model with the Lamborghini Temerario.⁵ The hybrid powertrain combines a completely new twin-turbo V8 powertrain with three elec- tric motors, which deliver a total output of 920 PS (676 kW). The V8 is the first and only series-production engine of any supercar to reach an rpm of 10,000. The maximum speed is more than 340 km/h; acceleration from 0 to 100 km/h takes just 2.7 seconds. The Lamborghini Urus SE¹¹ is the brand’s first plug-in hybrid Super SUV.
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The Lamborghini Urus SE¹¹ is the brand’s first plug-in hybrid Super SUV. The hybrid system incorporates a 4.0-liter twin-turbocharged V8 engine paired with an electric motor, giving it a total output of 800 PS and 950 Nm of torque (fuel consumption (weighted combined): 2.08 l/100 km; electric power consumption (weighted combined): 39.5 kWh/100 km; CO₂ emissions (weighted combined): 51.25 g/km; CO₂ class (weighted combined): B; fuel consumption with empty battery (combined): 12.9 l/100 km; CO₂ class with empty battery: G). Finally, the Lamborghini Revuelto Opera Unica¹⁰ series continued its journey with the unveiling of its second masterpiece in Shanghai. Following the debut of the Euro- pean edition in Porto Cervo in early August 2024, the Shanghai edition, thoughtfully tailored to resonate with the Chinese market, highlights Lamborghini’s unwav- ering commitment to art, craftsmanship and innovation.
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With the V12 plug-in hybrid PHEV (fuel consumption (weighted combined): 11.9 l/100 km; electric power consumption (weighted combined): 10.1 kWh/100 km; CO₂ emissions (weighted combined): 276 g/km; CO₂ class (weight- ed combined): G; fuel consumption with empty battery (combined): 17.8 l/100 km; CO₂ class with empty battery: G), the brand is accentuating its Ad-Personam customi- zation program. The decarbonization of Lamborghini’s fleet aligns seamlessly with the introduction of its new models. The commitment to reduc- ing CO₂ emissions extends across the entire product life cycle, encompassing supply chains, production processes, logistics and the utilization phase of each vehicle. With this comprehensive approach, Automobili Lamborghini is aiming to achieve net car- bon neutrality¹² by 2050.¹³ Lamborghini Temerario:⁵ The first Lamborghini supercar with a twin-turbo V8 in combination with three electric motors and a total output of 920 PS. Pure emotions with sustainable vision
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Strategy & Company Finance ESG Appendix 31 Audi Report 2024 T he technical superiority of Ducati continued in 2024 in the world of on-road motorcycle racing, while the brand also made its debut in off-road racing: Ducati claimed victory for the third succes- sive time in the MotoGP (World Motorcycle Championship). But winning the world championship rider’s title was by no means the end of the story: Ducati riders also claimed second, third and fourth spots. In the WorldSBK (World Superbike Championship), Ducati lifted the manufac- turer and team title, and in the WorldSSP (Supersport World Championship), Ducati also came out on top in the rider and manufacturer rankings. With the prototype of the off-road Desmo450 MX motocross bike, the motorcycle manufacturer shone in national motocross competitions on its debut, while the new Ducati DesertX Rally prevailed in the twin-cylinder category in the prestigious Erzbergrodeo.
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From racetrack to road Unbelievably fast in electric mode too: In its second season as the sole official supplier of bikes competing in the FIM Enel MotoE World Championship, Ducati illustrated the standards it expects of its future electric motorcycles. The company’s commitment to the race series is part of its roadmap to electrification. Premiere celebrations in Italy Not only was victory on the racetrack celebrated in 2024, customers were also treated to the biggest launch of new mod- els in the company’s history. With the all-new Panigale V4, Ducati is adding a new dimension to the perfor- mance of its supersport motorcycles: new solutions for chassis, electronics, aerody- namics and ergonomics and an improved engine – all in an unmistakable sporty Italian look. The fastest Panigale ever. Its “stripped” version, the Streetfighter V4, is the most powerful Streetfighter of all times and also offers new solutions in relation to design, aerodynamics, ergonomics, suspension and electronics.
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Its “stripped” version, the Streetfighter V4, is the most powerful Streetfighter of all times and also offers new solutions in relation to design, aerodynamics, ergonomics, suspension and electronics. More efficient, more comfortable, more powerful: the new Multistrada V4, V4 S and V4 Pikes Peak are lining up in 2025 to dominate the maxi-adventure category. A new twin-cylinder engine, the lightest ever in Ducati history, powers all three models. The completely redesigned Multistrada V2, thanks to an optimized chassis and an impressive weight reduction, guarantees balanced, comfortable and precise han- dling while traveling. Thanks to a manic search for weight reduction, the new Panigale V2 and its roadster version, the Streetfighter V2, are both the lightest ever made by Ducati and have an impressive power-to-weight ratio in their category. The Scrambler family is expanding with the Icon Dark and the new Full Throttle. The “10° Anniversario RIZOMA EDITION” is a limited and numbered edition, intended for collectors to celebrate this milestone of 10 years of Scrambler history.
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The “10° Anniversario RIZOMA EDITION” is a limited and numbered edition, intended for collectors to celebrate this milestone of 10 years of Scrambler history. With the Hypermotard 698 Mono, Ducati is presenting its first single-cylinder road supermotard, while the Panigale V2 Su- perquadro Final Edition is being launched as a limited-edition collector’s item to celebrate the racing legacy of this glorious engine. Customers can unleash their ad- venturous spirit on the new Ducati DesertX Rally und DesertX Discovery and in the travel enduro category. Ducati Panigale V2: With the lightest model that Ducati has ever built. Photo: Ducati Motor Holding S.p.A. Dominance as standard
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[Confidence]: 1.0
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[Guess]: No
[Confidence]: 0.95
|
101 |
audi.pdf
|
FinanceStrategy & Company ESG Appendix 32 Audi Report 2024 Audi A6 Avant: fuel consumption (combined): 8.0–5.0 l/100 km; CO₂ emissions (combined): 181–130 g/km; CO₂ class: G–D. Photo: AUDI AG 33 // Key figures at a glance 35 // Markets & volume 40 // Financial situation 47 // Brand Group Progressive 48 // EU taxonomy 54 // Report on expected developments 56 // Report on risks and opportunities Finance
|
32
|
[Guess]: No
[Confidence]: 0.95
|
[Guess]: No
[Confidence]: 0.95
|
[Guess]: No
[Confidence]: 0.95
|
[Guess]: No
[Confidence]: 0.9
|
[Guess]: No
[Confidence]: 0.9
|
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