E-Mobility Strategy Of Volkswagen Saxony

E-Mobility Strategy of Volkswagen SaxonyDr. Stefan Loth– Volkswagen Sachsen GmbH10th September 2021

DisclaimerThe following presentations as well as remarks/comments and explanations in this context contain forward-looking statements on the businessdevelopment of the Volkswagen Group. These statements are based on assumptions relating to the development of the economic, political andlegal environment in individual countries, economic regions and markets, and in particular for the automotive industry, which we have made on thebasis of the information available to us and which we consider to be realistic at the time of going to press. The estimates given entail a degree ofrisk, and actual developments may differ from those forecast. Any changes in significant parameters relating to our key sales markets, or anysignificant shifts in exchange rates or commodities relevant to the Volkswagen Group or deviations in the actual effects of the Covid-19 pandemicfrom the scenario presented will have a corresponding effect on the development of our business. In addition, there may be departures from ourexpected business development if the assessments of the factors influencing value enhancement and of risks and opportunities presented developin a way other than we are currently expecting, or if additional risks and opportunities or other factors emerge that affect the development of ourbusiness.We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.

Our Ambition: Taking responsibility for climatechange and societyca. 30%70%EVEVEV202520302040up to100%

Global Ramp up of our ID.family based on our dedicated platform MEB20202025

Starting 2021 a broad MEB based portfolio is availableZwickau productsZwickau productsID.3ID.4ID.5ID.6BornQ4 e-tron & SportbackEnyaq

Volkwagen Sachsen GmbH: Start of VW Group MEB rolloutheadquartersDresdenChemnitzZwickauup to 16,000 vehicles per year 380 employees 330,000 vehicles per yearup to 10,000 car bodies for luxury vehicles 8,000 employees 860,000 engines per yearinklusive Azubis 1,700 employees

Reduction of CO2 through the purchase of renewable energyThe Zwickau vehicle plant obtains 100%renewable energy from hydropower.A significant contributionto the reduction of CO2.CO2 emissions per year in tons158.000-66%105.00053.0002010today(part BHKWgenerated power)

Our roadmap to a dedicated BEV factory100% MEBLaunch excellence6 models, 20 launch levels2.000 pre-series vehiclesQualificationProducts & processesof the futureProduction and logistics 4.0Automation and digitizationin the production processesStructural changes„Brownfield“: wide extensions,annexes and reconstructions

Zwickau plant: 5 of 6 MEB models already launched D.4VFFPVS0SSOPQ4 e-TronVFFPVS0SVFFPVSPPSOPQ4 e-Tron SBCupra BornVFFID.5PVS0S0SPSOPSOP

Transformation of Zwickau plant from ICE to BEV in record time &ongoing production330,000units20172018MQB (ICE)201920202021MEB (BEV)2022

2018: Original Zwickau factory ICE layoutICE powertrain factoryGolfGolf VariantLuxury class factoryBentaygaURUS

2021/22: Zwickau factory after MEB transformation85% of the plant modifiedMultibrand BEV factoryVW ID.3Cupra BornVW ID. 4Audi Q4 (Sportback) e-tronLuxury class factoryBentaygaURUS

Zwickau plant Transformation nearly completeLogistic area 15autom. battery handlingcompletedPress plantNew massive presscompletedFactory structureArea expansionscompletedLogistic area 7New constructioncompletedQuality assuranceTest centre hall 20completedBodywork FL1*Scaffolding MEB hall 2in run-upBodywork FL2*Scaffolding MEB H.12,2A,2completedPaint ShopRoof blacking line MEBcompletedAssembly FL1*Conversion of hall 5 to MEBcompletedAssembly FL2*Conversion of hall 6 to MEBcompleted / in run-up

MEB production output plant Zwickau is rising continuallyØ units produced per day1,5001,000500Covid lock downproduction stop02020 2021produced units

Zwickau plant: Investment more than 1 billionSubsequent Group models benefit from original investmentplatform 1InvestmentInvestmentplatform 2ID.3inklusive AzubisCupra BornID.4Q4 e-tronQ4 Sportback e-tronID.5

Increased automation of vehicle production leading tohigher efficiencyincreased productivityreduced factory costsimproved ergonomicsPlant sectionMQBMEBBody shop85%89%Paint shop75%75%Assembly17%28%

Automation: Examples in our MEB productionPress Plantautomated destackingAssemblyDashboardBody ConstructionAutomated part selectionAssemblyAutomated sealingPaint Shopfault detectionAssemblyautomated windshield insertation

Key suppliers remained deeply involved for MEB production 4 new production facilities werebuilt by our suppliers close to theplant with investments of morethan 130 millionSASAutomotive SystemsNew constructionMeeraneapprox. 15,000 m²Simplified production, e.g.elimination of exhaust system &fuel tank from our suppliersBraunschweigNew constructionMeeraneapprox. 40,000 m²New constructionMeeraneapprox. 8,000 m²New constructionMeerane27,000 m²

Our employees: The transformation to e-mobility isaccompanied by an extensive qualification program Largest "training camp" atVolkswagen8,000Employees- E-Mobility training center: 3,000employees- High-voltage license: 1,500employees Contents: Fundamentals of emobility, handling of high voltageMEB production.

VW Zwickau plant as best practiceExtensive global VW management trainingCoordination betweenGroup brands andheadquartersDeveloping the Group‘slaunch know-howAgile workingShopfloororientationProject management

MEB allows for reduced production timehours per unit (hpu)AmbitionReduction of 20-30%2021Ambition 2022Ambition 2023Ambition 2024Ambition 2025Ambition 2026

Volkswagen ID.4 from Saxony

Key suppliers remained deeply involved for MEB production New construction Meerane 27,000 m² New construction Meerane approx. 15,000 m² New construction Meerane approx. 8,000 m² SAS A u t o m o t i v e S y s t e m s New construction Meerane approx. 40,000 m² Braunschweig 4 new production facilities were built by our suppliers close to the