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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW3 | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.30 | 1.12% | 117.55 | 117.30 | 117.80 | 118.00 | 116.10 | 116.65 | 90,761 | 22:50:02 |
From May 2021 to May 2024
By Joshua Kirby
Volkswagen AG is investing a further $620 million in Swedish battery partner Northvolt AB as part of a funding round of a total $2.75 billion, the German auto maker said Wednesday.
The investment will maintain Volkswagen's stake in Northvolt at around 20%, the company said. Proceeds from the funding round will be used to expand capacity in production, recycling and research and development.
Volkswagen previously invested around 900 million euros ($1.10 billion) in Northvolt in 2019, acquiring a roughly 20% stake and a seat on the company's board of directors.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
June 09, 2021 03:22 ET (07:22 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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