oann

Volkswagen’s battery unit PowerCo to be investor-ready in early 2022.

Exciting News: Volkswagen’s Battery Unit PowerCo to Welcome Investors in 2022

At a roundtable in Berlin on Friday, Volkswagen’s battery chief Thomas Schmall announced that PowerCo, the company’s battery unit, will be ready for investors at the beginning of next year. This follows the statement made by Chief Financial Officer Arno Antlitz last month, hinting at the possibility of a strategic investor in the unit by 2024.

Advertisement

More Details to Come

Schmall refrained from providing further information during the roundtable, stating that Volkswagen’s capital markets day next Wednesday will reveal more about PowerCo. Meanwhile, Antlitz mentioned in May that there is significant interest in the unit, but the carmaker is still evaluating how long to keep it on its books.

(Reporting by Victoria Waldersee, Jan Schwartz; Editing by Miranda Murray)

Other Engaging Stories:

A Mention of the Big Guy Clears Out Joe Biden’s Press Room

How to Avoid Being Cancelled: Insights from a PR Expert

Surfside Condo Collapse: Investigation Continues

Chinese President Xi Jinping Discusses AI with Bill Gates

UK Regulator Clears Amazon’s Acquisition of iRobot Corp

Binance Exiting Dutch Market Due to Challenges



" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker