|Bid||120.94 x 50000|
|Ask||121.46 x 50000|
|Day's Range||120.00 - 121.80|
|52 Week Range||113.22 - 162.00|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||4.18|
|Earnings Date||May 04, 2023|
|Forward Dividend & Yield||8.76 (7.19%)|
|Ex-Dividend Date||May 15, 2023|
|1y Target Est||194.41|
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Volkswagen AG (OTC: VWAGY) and Bayerische Motoren Werke AG (OTC: BMWYY) battery supplier Northvolt weighed securing over $5 billion of financing. Northvolt is bargaining with several banks to raise the debt financing, Financial Times reports. The Swedish start-up became Europe's answer to CATL of China and South Korea's LG. Northvolt produced the first battery from its European factory just south of the Arctic Circle in Sweden at the end of 2021, likely to cover space equivalent to 70 football p
Volkswagen is re-entering the race for EVs. In the electric vehicle market, the Wolfsburg, Germany-based company has been outpaced by Tesla and Chinese rivals like BYD. It is a question of hitting the more than 80% of consumers who do not have the financial means to acquire an electric vehicle.
Multinationals are concluding that to compete in China, it helps to have leadership and decision makers there.