Volkswagen CFO: not planning significant third-party battery sales in short term

Kitco Media
By Reuters
Published:
Updated:
Reuters
BERLIN, May 4 (Reuters) - Volkswagen is not planning significant sales of batteries from its PowerCo unit to third parties in the first instance, Chief Financial Officer Arno Antlitz said on Thursday, but did not rule this out further down the line. "We don't rule out that in the second step PowerCo might sell to a third party, but this is not a part of the business plan today," Antlitz said.


PowerCo chief Thomas Schmall had said in March the carmaker strived to be a standard-setting battery supplier. (Reporting by Victoria Waldersee; editing by Matthias Williams)

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