Volkswagen said to push back battery unit IPO plans - Bloomberg News

Reuters
2024.01.30 08:45
portai
I'm PortAI, I can summarize articles.

Jan 30 (Reuters) - German carmaker Volkswagen AG (VOWG_p.DE) is pushing back plans to seek outside investors for its battery unit as prospects for the business dim in a cooling EV market, Bloomberg News reported on Tuesday, citing people familiar with the matter.The company also faces doubts it can make its own batteries at scale, the report said, adding that Volkswagen is no longer prioritising stake sales or a potential listing of the PowerCo business this year or next.

Jan 30 (Reuters) - German carmaker Volkswagen AG (VOWG_p.DE) is pushing back plans to seek outside investors for its battery unit as prospects for the business dim in a cooling EV market, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The company also faces doubts it can make its own batteries at scale, the report said, adding that Volkswagen is no longer prioritising stake sales or a potential listing of the PowerCo business this year or next.

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.