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Now Reading: Volkswagen to reportedly sell stake in Electrify America
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Volkswagen to reportedly sell stake in Electrify America
Volkswagen to reportedly sell stake in Electrify America
Volkswagen is set to sell a stake in its electric vehicle charging unit Electrify America, two people knowledgeable with the matter said.
The automaker is working with Citi to look for a co-investor that is prepared to invest $1 billion into the division, the people said, adding that the automaker is expected shortly to reach out to infrastructure groups and other possible investors.
Volkswagen, Electrify America and Citi have not commented on the report.
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