Volkswagen's Updated Electrification Plans and Raise Funds up to $150 Billion

A day after automaker Volkswagen was embroiled in plans to open up to six new EV battery factories in Europe to supply advanced batteries for its future cars, the company's shares are on the rise. Volkswagen shares rose 10% to $ 32.75 on Tuesday, pushing the company's market value to $ 150 billion, the highest level since 2015. Volkswagen preferred shares, which are traded on the DAX German, rose 9.3% on Tuesday, up. July 3, 2015, gave the automaker a market valuation of over 121 billion euros ($ 144 billion).