Volkswagen Group: Initiation of Coverage- Electrifying Pivot & Ruthless Restructuring Redefine the Future! 

Volkswagen AG’s first quarter of 2025 exhibited a blend of advancements and challenges. On the positive side, the company made significant progress in implementing its strategic product renewal, unveiling several new models at the Shanghai Auto Show and in other markets. Sales revenue rose by 3%, with a notable 30% increase in Western Europe. The company’s shift toward battery electric vehicles (BEVs) continued, with the BEV share increasing to 10%, and significantly higher in Western Europe, indicating strong customer reception.