Volkswagen AG (XTRA:VOW3) is well-positioned to fund its electrification strategy, its finance chief said on September 29, 2022, as it reaped around EUR 9.6 billion ($9.30 billion) from the IPO of Porsche and with a possible listing of its battery unit on the cards. The carmaker was considering forming partnerships in the next 1-2 years as a step towards a possible listing of its PowerCo batteries operation, he said. "We do not rule out an IPO of the battery unit, but the financial flexibility we won today allows us to further strengthen our work in batteries alone.

Then we will consider adding strategic partners later on," Antlitz told Reuters. Antlitz brushed aside rumours that Porsche listing could lead to a listing of Audi, another premium brand and huge moneymaker for Volkswagen. "The next project is strategic partnerships or a potential IPO of the battery unit - I can't say more for now," he said.