Electrify America charging station in Woodfield Village Green
The VW Group began looking for additional investors last year.
(Photo: AP)
The car manufacturer VW has struck gold when looking for investors for its US charging station network Electrify America. The Wall Street Journal, citing people familiar with the plans, reports that VW wants to sell a minority stake in the subsidiary to the Siemens group, which wants to handle the transaction through its Siemens Financial Services division.
This coincides with information from the Handelsblatt. The Munich-based company is to invest in Electrify America with a three-digit million amount.
The VW Group had already announced last year that the search for additional investors for Electrify America had begun. With Siemens, the Wolfsburg-based company has now achieved the first major success in this search for investors. The deal is expected to be announced this Tuesday.
More: Daimler Truck and Blackrock are also planning charging station networks in the USA
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