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Automakers

VW's battery unit IPO said to stall in cooling EV market

VW PowerCO battery site Germany
Construction site of VW's PowerCo SalzGiga cell gigafactory in Germany. (BLOOMBERG)
B
By:
Bloomberg
January 30, 2024 09:52 AM

Volkswagen Group is pushing back plans to seek outside investors for its PowerCo battery unit as prospects for the business dim in a cooling EV market, people familiar with the matter said.

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