|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||305.97 - 319.00|
|52-week range||184.75 - 480.00|
|Beta (5Y monthly)||1.40|
|PE ratio (TTM)||11.84|
|Forward dividend & yield||5.67 (1.73%)|
|Ex-dividend date||23 Jul 2021|
|1y target est||N/A|
Volkswagen is readying its battery unit for a partial sale or listing and has agreed to convert it into a so-called European company, or Societas Europaea, to provide the conditions for such a move, CEO Herbert Diess said. Diess, speaking after the carmaker provided details on its new five-year investment plan, said that the move was aimed to prepare the division for capital market activity, including bringing in external partners. The CEO, who previously said that the unit could be independently listed, said that Volkswagen's battery division was expected to generate sales of 20 billion euros ($23 billion) by the end of the decade.
(Bloomberg) -- Volkswagen AG will invest 89 billion euros ($101 billion) in new technology over the next five years to narrow the gap to Tesla Inc. and keep incumbent rivals like Toyota Motor Corp. or Stellantis NV at bay.Most Read from BloombergThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsAnatomy of a Bad RoadThe 15 Best Beers We Drank This YearFormer Oil Trader Is Now Betting on Lumber for SkyscrapersSpending
With electric vehicle (EV) maker Tesla valued at more than $1 trillion and Rivian, which has so far produced fewer than 200 vehicles, valued at more than $100 billion, value-focused investors may find staying away from the EV stock space to be the best course of action right now. Trying to understand the valuations of EV stocks has become challenging lately. Not all EV stocks are getting valued the same way.