IPO in battery division could come next By Reuters


© Reuters. FILE PHOTO: The logo of Volkswagen is displayed at the carmaker’s factory in Puebla, Mexico August 31, 2022. REUTERS/Imelda Medina/File Photo

FRANKFURT (Reuters) – Volkswagen (ETR:) does not rule out an initial public offering for its battery division now that it has completed the IPO of Porsche AG, Chief Financial Officer Arno Antlitz told Reuters on Thursday.

Speaking in an interview, Antlitz also said he expected a chip shortage to last into 2024 and that the company was doing all it could to reduce waiting times for electric vehicles.

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