Volkswagen Group in advanced talks over Porsche flotation
Porsche would be the latest in a succession of performance brands to go public. Volvo-owned Polestar is set to be listed on the Nasdaq later this year via a special-purpose acquisition company and yesterday Lotus confirmed that it's evaluating a flotation of its China-based EV division, Lotus Technology.
Reports emerged last year that the Volkswagen Group could float Porsche as a means of funding its transition to all-out electrification across its multi-brand portfolio. According to the Financial Times, it has the potential to be one of Germany's biggest public offerings in recent years.Group for a decade and consistently contributes a significant proportion of the company's profits.cites analysts as estimating a market valuation of up to €200 billion , which would be nearly double the value of its parent company. Group recently pledged to invest £76bn in new technology over the next four years as part of its electrification ambitions.
Specific investments include a second production line for the Volkswagen ID 3, a new manufacturing facility in Wolfsburg, new flagship EVs from Volkswagen and Audi and six new EV battery factories across Europe by 2030.
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