CAPTION: The Innogy logo is visible on the facade of the headquarters of the energy company. (picture alliance/Rolf Vennenbernd/dpa/archive)
German energy company Innogy plans to bundle its electric vehicle assets into a new company in the future.
The market for electromobility is growing quickly and winning importance within the company, the Essen-based firm said on Thursday.
Innogy plans to use the new entity to separate the electric business segment from its classic energy business. It is scheduled to begin on January 1 in the western city of Dortmund.
The company is to consist of hardware and software products, customer relations and recent US acquisitions BTC Power and Recargo.
Customers of the new company are still expected to be the car industry, charging station operators, fleet managers, communities and utility companies.
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