Audi's third quarter financial report released, fierce competition in the Chinese market

Audi Group's third quarter financial report shows that in the third quarter, Audi Group delivered a total of 407,390 vehicles, a year-on-year decrease of 16%. Revenue was 15.322 billion euros, a year-on-year decrease of 5.5%. From January to September this year, Audi's revenue was 46.262 billion euros, a year-on-year decrease of 8.2%. The operating income of the Audi brand from January to September was 41.296 billion euros. Audi Group's profit in China from January to September was 500 million euros, a decrease of 25.3% from 669 million euros in the same period last year. Audi explained that this was mainly because competition in the Chinese market is becoming more intense.