Škoda Auto a.s.

Škoda Auto is one of the oldest continually active car manufacturers in the world. The Company’s history dates back to 1895, when Václav Laurin and Václav Klement laid the foundations for what has become a global company. Starting with bicycles 130 years ago followed by motorcycles, the Company launched passenger car production in Mladá Boleslav in 1905. In the following decades, the Company first developed into a regional market leader and became an internationally competitive global player after its integration into the Volkswagen Group in 1991. Today, Škoda offers the broadest portfolio ever and provides customers “the best of both worlds” to choose from – both in terms of body variants as well as powertrain options, entailing completely new fully electric models, further improved plug-in hybrids and efficient ICE models. In 2024, Škoda Auto significantly updated its broad portfolio.

The Company has its headquarters and biggest production plant in Mladá Boleslav. Additional facilities are located in Kvasiny and Vrchlabí. Furthermore, vehicles are also manufactured in India, Slovakia and China, mostly through Group partnerships, and in Ukraine and Kazakhstan in cooperation with local partners. Apart from developing, manufacturing and selling vehicles and components such as MEB battery systems which are also mounted in vehicles of other Group brands, Škoda Auto is also selling spare parts and accessories and provides after-sales servicing.

Škoda Auto has a robust and healthy business model, based on its versatile and updated model range as well as its efficient cost structure. The Company accelerates its efforts to further increase the electrification of its fleet by updating and expanding its EV portfolio and making e-mobility accessible to even more customer groups.

Škoda Auto is committed to shaping the transformation of the automotive industry in its home country and beyond and recognising its responsibility in further strengthening the country’s role as a future-proof location in the European automotive industry. Its successful electric mobility is being developed at the heart of the Company, in the Czech Republic. The Company is implementing its clearly defined e-mobility strategy, which includes the launch of new electric models in the upcoming years. This endeavour was recently underlined by the battery-electric compact BEV Elroq, providing list-price parity with its ICE counterpart, the Karoq.

Škoda’s success is based on its classic brand values and its strong customer focus. At the same time, the brand benefits from the existing structures within the Volkswagen Group and the joint teamwork of the Brand Group Core. As an integral part of the Brand Group Core, Škoda is tapping growth potential in price-sensitive growth markets for the Volkswagen Group. Škoda Auto is leading the operation on behalf of the Volkswagen Group and its brands in India. The country is a key market in Škoda’s internationalisation plans and future export hub. About 50% of Škoda cars manufactured outside of the Czech Republic come from India. 11