Report: VW May Sell Stake in Electrify America

A recent report by Reuters suggests that Volkswagen is looking to sell a stake in its Electrify America network of electric vehicle charging stations. (Electrify America)

According to a recent Reuters report, financial giant Citi is working with Volkswagen (VW) to bring in a co-investor to Electrify America (EA), the electric vehicle (EV) charging station network that is currently wholly owned by the German automaker. The deal is said to be worth about $1 billion.

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