Volkswagen Nears Agreement to sell shares in Electrify America to Siemens

Volkswagen is about to sell a minority stake in the U.S. electric vehicle charging business to a subsidiary of Siemens According to people familiar with the matter, a deal would value the network at more than $2 billion.

Volkswagen’s sale of a stake in Electrify America LLC will create additional funding as part of a plan to double the number of EV charging stations Electrify America operates across the United States and parts of Canada to 1,800 by 2026 Electrify America-based Reston, Va.- also offers EV charging stations for home use.

https://www.wsj.com/articles/germanys-volkswagen-nears-deal-to-sell-stake-in-electrify-america-to-siemens-11656363210?mod=pls_whats_news_us_business_f Volkswagen Nears Agreement to sell shares in Electrify America to Siemens

Luke Plunkett

TheHiu.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@thehiu.com. The content will be deleted within 24 hours.

Related Articles

Back to top button