Volkswagen ( OTCPK:VWAGY ) coud list its energy and charging division, the division’s senior vice president Elke Temme told Reuters on Monday.
She told the outlet that the automaker is keeping its options open for the business, which necessarily includes consideration of an IPO for the segment. Preparing for this possibility has been part of training exercises for the business, according to Temme .
According to Volkswagen data, the German auto giant currently operates more than 400K charging points throughout Europe alongside Italian partner Elli, making it the largest network in Europe. The partner was recently lauded by Volkswagen ( OTCPK:VWAGY ) “the greatest charging network in Europe.” Enel, Iberdrola, and BP ( BP ) were also noted as key partners for the network.
Read more on potential consolidation in the EV charging space .
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Volkswagen considering IPO option for EV charging operation - Reuters