Swatch Mulls Battery IPO as Volkswagen Scandal Boosts Interest

  • Belenos battery is more efficient than one by Tesla, CEO says
  • Unit may list in Hong Kong as production to start next year

Swatch Group CEO Nick Hayek with the Swatch Touch Zero One wristwatch.

Photographer: Fabrice Coffrini/AFP via Getty Images

Swatch Group AG Chief Executive Officer Nick Hayek said he’s considering an initial public offering for the clean-power unit that builds batteries for electric cars as the Volkswagen scandal boosts interest in energy-efficient technology.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.