[Venkatesh]

Skoda Auto presents its new corporate strategy - More international, electric and digital.



NEXT LEVEL – SKODA STRATEGY 2030 ensuring success through the decade of transformation.

- Strong in Europe: Skoda Auto to become one of the five best-selling car manufacturers in Europe.

- More e-mobility: At least three more all-electric models; share of Skoda brand sales in Europe to increase to 50-70% by 2030.

- New sales markets: On the way to becoming the leading European brand in India, Russia and North Africa.

- Simply Clever 2.0: Skoda Auto as a benchmark for a Simply Clever User Experience.

- Environmental targets significantly tightened: more than 50% reduction in fleet emissions by 2030 compared to 2020.

- Ambitious financial targets: Cost leadership among core European competitors; sustainable return on sales of at least 8%.



Three top priorities ‘EXPAND’, ‘EXPLORE’ and ‘ENGAGE’ point the way forward.

Skoda product portfolio will be expanded to include at least three more all-electric models by 2030, which will be positioned below the ENYAQ iV, both in terms of price and size. ŠKODA AUTO is aiming for a share of fully electric models of 50-70% in Europe, depending on market developments.

Safeguarding the future in the domestic market: Czech Republic to become an electromobility hub.

High-voltage traction batteries are being produced for the plug-in hybrid models SUPERB iV and OCTAVIA iV as well as for models of other Group brands. At the beginning of next year, the production of MEB battery systems will also be launched in Mladá Boleslav for the ENYAQ iV.

On the way to becoming the leading European brand in India, Russia and North Africa.

The ‘EXPLORE’ priority includes establishing ŠKODA as the leading European car manufacturer in the growth markets of India, Russia and North Africa by 2030. This will result in a global sales potential of 1.5 million units per year. The company is responsible for these regions within the Volkswagen Group. Production of the KUSHAQ – the first ŠKODA model to be launched on the Indian market under the INDIA 2.0 project – started just recently. In the medium term, there are also plans to offer the KUSHAQ in other emerging markets .

Full Press Conference

https://youtu.be/lcGRnpWdxog

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