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Volkswagen to sell stake in charging unit Electrify America

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Volkswagen to sell stake in charging unit Electrify America

 

 

Volkswagen is to sell สมัครสมาชิก สล็อต 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 US$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.

 

Set up in the aftermath of Volkswagen's emissions cheating scandal that broke in the United States, Electrify America plans to spend US$2 billion in the 2017-2026 period to expand charging stations for electric vehicles (EV).

 

The unit, whose main rivals include ChargePoint and Tesla's Supercharger, has 635 charging stations with around 2,850 fast-loading spots up and running, according to its website.

 

This includes ultra-fast high-speed of up to 350 kilowatt charging stations enabling owners to load their cars in under 20 minutes.

 

The company expects to install or have under development about 800 charging stations with about 3,500 fast chargers by December 2021, expanding to 45 states, including two cross-country routes. It also operates solar-powered charging stations.

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Topic starter Posted : 07/07/2021 9:55 am
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