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VW Sticks to Porsche IPO Plan, Eyes Battery Listing as Soon as 2023

  • CFO pitches Porsche as safe haven for investors amid tech rout
  • Company investing massively in EVs, cell plants to catch Tesla
A customer at a Porsche SE showroom in Berlin, Germany.

A customer at a Porsche SE showroom in Berlin, Germany.

Photographer: Liesa Johannssen-Koppitz/Bloomberg

Volkswagen AG is sticking to a plan to list its iconic Porsche sports-car maker later this year as Europe’s biggest carmaker looks to finance a costly shift toward electric vehicles.

VW is going ahead with the initial public offering in the fourth quarter because the unit has proven resilient over the years to market disruptions including the recent supply-chain turmoil, Chief Financial Officer Arno Antlitz said Wednesday at the Future of Finance summit in Frankfurt.