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03 Nov
16:51

Volkswagen buys stake in EIT InnoEnergy

Volkswagen Group is joining EU-backed innovation fund EIT InnoEnergy through an undisclosed investment, the parties announced on 3 November. With the shareholding investment, the carmaker plans to have access to a number of innovative technologies and business models needed to decarbonise the transport sector. The strategic partnership will cover joint innovation and investment activities, Kallanish learns. EIT InnoEnergy funds start-ups and companies that cont…
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