Volkswagen to sell stake in charging unit Electrify America -sources
07/06/2021 | 02:14pm EDT
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FRANKFURT, July 6 (Reuters) - Volkswagen is to
sell a stake in its electric vehicle charging unit Electrify
America, two people familiar with the matter said, as the
carmaker looks for outside funds to build infrastructure for
battery-powered cars.
Volkswagen is working with Citi to look for a
co-investor that is prepared to inject roughly $1 billion into
the division, the people said, adding that the company is
expected shortly to reach out to infrastructure groups and other
potential investors.
Volkswagen, Electrify America and Citi declined to comment.
Volkswagen to sell stake in charging unit Electrify America -sources
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Volkswagen to sell stake in Electrify America EV charging network
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Volkswagen to sell stake in charging unit Electrify America -sources
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