VW Group Pondering An IPO For Its Energy And Charging Business | Carscoops carscoops
, the chief executive of VW’s energy and charging division, Elke Temme, revealed his belief that EVs could help to stabilize the large price swings in the electricity market by acting as temporary storage for the overcapacity of green electricity on the grid. However, Temme noted that regulators would first need to create a framework to make this possible.
power activities, including its procurement of energy, enabling customers to charge their EVs at home and on the road, and selling all of the electricity required.advertisement scroll to continuefor €82.50 a share. The listing saw the Volkswagen Group sell 12.5 percent of the company’s non-voting shares in order to raise some €9.4 billion. Funds secured through the listing will help to accelerate the VW Group’s electrification plans.
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