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Volkswagen employees will receive a year-end bonus of 3000 euros (20745.3 yuan) in 2021, which the Volkswagen union says is a recognition of Volkswagen's efforts, according to media reports such as German Automotive Weekly and Caijing Automotive. It is understood that Volkswagen employees received a bonus of 1700 euros in November last year, and Volkswagen will pay employees the remaining 1300 euros in May this year.

Volkswagen employees' year-end bonus in 2021 is 300 euros (2074.53 yuan) more than in 2020. Due to the sudden outbreak of COVID-19, Volkswagen's year-end bonus was 2700 euros in 2020, compared with 4950 euros in 2019 before the epidemic. The Volkswagen union said that although Volkswagen's performance has been affected by the epidemic, the group hopes to work together with its employees, who will receive an additional 2000 euros (13830.2 yuan) bonus if the Porsche listing goes well.

Volkswagen made it clear on February 23rd that Porsche will go public independently, and Porsche will become the largest IPO in Europe. On February 25th, Volkswagen Financial Officer Arno Antlitz said that Volkswagen would provide the market with the latest progress and timetable for its listing by the end of the summer, in other words, Porsche could complete its IPO as soon as the fourth quarter of 2022. The Volkswagen Group currently has a market capitalization of 112 billion euros, and Wall Street estimates that if Porsche is eventually independent, it could become one of the largest IPO in Europe if it is valued at between 60 billion and 85 billion euros (426.4 billion to 604.1 billion yuan).

Porsche, one of the many sub-brands of the Volkswagen Group, has sold 301915 vehicles worldwide in 2021, an increase of 11% over the same period last year, and the first time it has sold more than 300000 vehicles annually. In addition, Porsche sold 95671 vehicles in China in 2021, up 8% from the same period last year, making it the world's largest single market for the seventh year in a row.

According to public data, Volkswagen Group, founded in 1938 and headquartered in Wolfsburg, Germany, is the largest automobile company in Europe. Volkswagen established its first joint venture in China in 1984 and FAW Volkswagen in Changchun in 1991. At present, Volkswagen Group's sub-brands include Volkswagen, Audi, Skoda, Lamborghini, Bentley, Bugatti and Porsche brands. Among them, Porsche and Volkswagen also have a story of "acquisition and anti-takeover". In 2008, Wolfgang Porsche, the grandson of the founder of Porsche, proposed to buy shares in the Porsche Group, with a stake of 35.14%. However, due to the financial crisis, Porsche signed up to 10 billion euros in debt, and Volkswagen fought back against the successful acquisition of Porsche in 2009. Volkswagen bought a 49% stake in Porsche for 3.9 billion euros and finally completed its 100% control of Porsche in 2012. The rumor about the independent listing of Porsche was first reported in the media as early as 2018, when Porsche denied the rumor, and it was not until the end of February this year that the news of Porsche's independent listing made substantial progress.

With regard to the news that Porsche will be listed independently, it is generally believed that the independent listing of Porsche may be related to Volkswagen Group and its own electric transformation. Volkswagen Group has said frankly that Porsche IPO is an important step in the transformation of Volkswagen Group and Porsche. According to the electric transformation strategy previously proposed by Volkswagen Group, Volkswagen will achieve more than 70% of the European market in 2030 and 50% in China and the United States. In the past 2021, Volkswagen has launched five models in China, including FAW-Volkswagen ID.4 CROZZ and ID.6 CROZZ and SAIC-Volkswagen ID.4 X, ID.3 and ID.6 X, but sales of the five models are not high.

When looking at Volkswagen sales in the past year, the data show that FAW-Volkswagen sold 31277 ID.4 CROZZ models, 12707 ID.6 CROZZ models, 26272 SAIC-Volkswagen ID.4 X models, 8970 ID.3 models and 8569 ID.6 X models. Among them, in February, 2311 ID.4 CROZZ models were sold, 1461 ID.6 CROZZ models were sold, 1973 ID.4 X models were sold, 1630 ID.3 models were sold, and 577 ID.6 X models were sold, which is a big gap from Wei Xiaoli, Great Wall and BYD, which entered the new energy market in the early days.

Porsche China has introduced a total of 16 pure electric and plug-in hybrid models. Porsche electrified models accounted for 18% of the delivery in China in 2021, with a growth rate of 8%, of which the Taycan, the first pure electric sports car, sold 7315 vehicles. According to the plan, Porsche will launch its second pure electric vehicle in 2023-the pure electric version of Macan; will account for 50 per cent of sales in 2025 and more than 80 per cent in 2030.

According to the latest financial report released by Volkswagen Group, Porsche brand sold a total of 209000 vehicles in the first three quarters of 2021, accounting for 3.23% of Volkswagen's sales in the same period, of which Porsche generated a profit of about 3.4 billion euros, accounting for about 34% of Volkswagen's overall automotive business. People in the industry pointed out that Porsche will provide new funds for Volkswagen after its independent listing, and the Volkswagen Group can further promote the transformation of its electric vehicles through new funds. Porsche's independence is also good for its finance and the development of its luxury brand image.

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