We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.00 | -2.20% | 133.20 | 133.70 | 133.80 | 136.20 | 133.00 | 136.20 | 6,042 | 15:45:42 |
From May 2019 to May 2024
By Max Bernhard
Volkswagen AG (VOW.XE) and Swedish battery maker Northvolt AB plan to jointly produce lithium-ion battery cells in a new factory in Salzgitter, Lower Saxony, the German car maker's home state.
Construction of the factory is scheduled to begin next year, while start of production is planned for the end of 2023 or early 2024, Volkswagen said Friday. To that end, the two companies have created a 50-50 joint venture--a planned move that was previously announced.
The initial annual output of the factory will be 16 GWh, Volkswagen said.
Volkswagen invested about $1 billion in joint battery-production activities with Northvolt in May, which included the acquisition of a 20% stake in the company. The two said then that they plan to set up a joint venture for the battery-cell factory in Germany.
Write to Max Bernhard at max.bernhard@dowjones.com
(END) Dow Jones Newswires
September 06, 2019 04:12 ET (08:12 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Volkswagen Chart |
1 Month Volkswagen Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
