Volkswagen Planning To Sell $1 Billion Stake In Electrify America

Volkswagen probably wants to reduce its capital expenditure on Electrify America considering its gargantuan investments in the EV space.

By Sahil Gupta | Updated: 08-Jul-21 10:19 AM IST

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Highlights

Volkswagen group is looking for investment of $1 Billion
Electrify America was founded as a part of VW's settlement with the EPA
It's the largest charging network in North America with over 600 stations