Annual Media Call 15 March 2023 Speech Thomas Schäfer CEO of the Volkswagen Passenger Cars Brand, Member of the Volkswagen AG Board of Management, Head of the Brand Group Volume CHECK AGAINST DELIVERY Dear media guests, I’d also like to warmly welcome you here today – it’s great that you’ve been able to join us. As Jens just mentioned, we’ve got a lot on the agenda today in Hamburg! I hope you’ll all be able to watch the world première of our new ID.2all this evening. But first of all, let’s take stock: How did 2022 go for the Volkswagen brand, and what are our plans for this year? You know, I know, we all know: 2022 was another very challenging year: The pandemic and parts shortages kept us on our toes, as did Russia’s terrible war of aggression against Ukraine, which has been going on for over a year now. All these factors led to extreme supply bottlenecks, which meant we sold far fewer vehicles than we would have under normal circumstances. Nevertheless, Team Volkswagen achieved a lot more than some might have thought possible. I’d like to focus on five points: First: We made great strides in our e-campaign: Models like the ID. Buzz, the ID.4 in North America and the ID.Aero show car in China, which offered a first glimpse of the ID.7: We are serious about the transformation towards "E". Second: We are upgrading our MEB to the MEB+. For our customers, this means faster charging times, increased range thanks to the new unit cell, enhanced performance and significantly better automated driving functions. Third: We’ve set up an internal programme to resharpen our focus on the brand, customers and products. It all comes down to the details: Be it the brand DNA, design language or the overall user experience – we are leaving no stone unturned, all in the interest of our customers. Fourth: The renewal of the Board team is now finished: Six of eight positions have been newly filled.