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VW wants to prepare charging business for outside investors

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Member of the Board of Management Volkswagen AG Technology Thomas Schmall speaks during a press conference before the groundbreaking ceremony for German carmaker Volkswagen's first battery cell production plant 'SalzGiga' in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch
Member of the Board of Management Volkswagen AG Technology Thomas Schmall speaks during a press conference before the groundbreaking ceremony for German carmaker Volkswagen's first battery cell production plant 'SalzGiga' in Salzgitter, Germany, July 7, 2022. VW is preparing its energy and charging division for outside investors, the carmaker's board member in charge of technology said on Friday. REUTERS/Fabrizio Bensch

BERLIN (Reuters) – Volkswagen is preparing its energy and charging division for outside investors, the carmaker’s board member in charge of technology said on Friday, adding he was open to different options for a possible standalone future for the unit.

“We always prepare in such a way that we also have equity stories … so that we can also focus on external capital inflows,” Thomas Schmall said at an event in Berlin when asked about a possible listing of the business.

“And we’re open.”

Organizations

(Reporting by Christoph Steitz, editing by Thomas Seythal)

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