The Limited Times

Now you can see non-English news...

Volkswagen has doubts about the PowerCo hypo, the electric sector is cooling - Industry and Analysis

2024-01-30T11:00:29.688Z

Highlights: Volkswagen has doubts about the PowerCo hypo, the electric sector is cooling. Volkswagen would no longer make a stake sale or potential IPO of PowerCo's assets a priority this year or next. The situation remains fluid and VW could still go ahead with plans if the market improves. IPOs had their worst year in more than a decade in 2023 as interest rates soared. The Wolfsburg group is reportedly postponing plans to seek external investors for its battery unit in a cooling electric vehicle market.


Volkswagen would no longer make a stake sale or potential IPO of PowerCo's assets a priority this year or next. (HANDLE)


Volkswagen no longer considers selling shares or potentially listing PowerCo's assets a priority this year or next.

The Wolfsburg group is reportedly postponing plans to seek external investors for its battery unit in a cooling electric vehicle market. Europe's largest carmaker is also facing doubts about its ability to produce, according to Bloomberg. your own scale batteries.

The situation remains fluid and VW could still go ahead with plans if the market improves.

IPOs had their worst year in more than a decade in 2023 as interest rates soared


Reproduction reserved © Copyright ANSA

Source: ansa

All tech articles on 2024-01-30

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.