the first half of the year in Europe
than any other company.
2020 marked a turning point among the general public. The German government
doubled the purchase premiums for electric vehicles under the economic stimulus
package it launched in response to Covid-19. Since then, we’ve seen a sharp boost
to electric mobility. Demand worldwide is also rising: In the first six months of this
year we sold 171,000 all-electric cars, twice as many as in the previous year.
ID.4 GTX: Power consumption in kWh/100 km: 16,3 (combined); CO2-emissions in g/km: 0; Efficiency class: A+ Q4 e-tron: Power consumption combined in kWh/100 km: 18,2–15,8; CO2-emissions combined in g/km: 0; Efficiency class: A+ Taycan Turbo S: Power consumption combined in kWh/100 km: 28,5; CO2-emissions combined in g/km: 0; Efficiency class: A+
Economically, 2020 was dominated by the coronavirus pandemic. Our 660,000
employees worldwide did a great job during the crisis. They got behind our crisis
management efforts, stabilized supply chains and kept production up and running. A
task force headed by Murat Aksel, our board member responsible for procurement,
continues to work tirelessly to this day to limit the impact of the semiconductor
shortages. They are also a consequence of the pandemic. My thanks go to the entire
Our Chief Human Resources Officer Gunnar Kilian and his team ensure that our
employees stay safe. We’ve already vaccinated 60,000 people. Our objective is to
set up vaccination centers at all other major Group locations worldwide outside of
Germany. We will fulfill our responsibility as one of the world’s largest employers.
Group sales revenue in 2020 declined by 11.8 percent to €223 billion due to the
pandemic. Business recovered in the second half of the year. In the fourth quarter
alone, we generated an operating profit before special items of €8.2 billion, giving a
return on sales of 12.2 percent. The net cash flow for the