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Investing.com -- Skoda Auto, a Volkswagen (ETR:VOWG_p) unit, reported a nearly 12% increase in operating profit to 1.3 billion euros ($1.52 billion) for the first half of the year, alongside growth in its electric vehicle sales mix.
The Czech automaker’s revenue rose nearly 12% year on year to 15.1 billion euros during the six-month period.
Vehicle deliveries increased 14% to 509,400 units, with fully electric or plug-in hybrid models accounting for 23% of those deliveries, up from 9.4% in the first half of last year.
Chief Executive Klaus Zellmer noted that customers had placed more than 120,000 orders for Skoda’s all-electric Enyaq and Elroq models by the end of June, showing progress in the company’s electrification strategy.
"Sales relative to the overall market performance, we are doing good," Zellmer told journalists in a video conference.
The company plans to launch the Epiq, an electric SUV priced at 25,000 euros targeting entry-level consumers, in the first half of 2026.
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