But this is more than just a numbers game. For Volkswagen, it signals something deeper: a cautious comeback after the damage of the Dieselgate scandal, which once shook the company’s global credibility. In Europe, the recovery story appears to be gaining traction.

Yet outside Europe, especially in the world’s largest EV market, the picture shifts dramatically. In China, domestic giants like BYD and NIO are not only offering lower priced vehicles but also introducing new models at a far faster pace, backed by increasingly advanced technology and strong local supply chains. As a result, Volkswagen has struggled to secure a meaningful position in the Chinese EV race.

Under pressure from tightening margins and intensifying competition, the company has also announced plans to cut nearly 50,000 jobs by 2030, reflecting the scale of restructuring underway.

This creates a striking contrast: success in Europe, pressure in Asia a split reality that raises serious questions about Volkswagen’s long-term global standing in the electric vehicle era.

So the question remains: is Volkswagen truly staging a comeback in Germany, or is this just a regional victory in a much tougher global battle still unfolding?