According to the Zhitong Finance App, Volkswagen Public (01635) issued an announcement. On November 6, 2026, the company signed a capital increase agreement with Dazhong Green Bank, Volkswagen Logistics and Volkswagen Enterprise Management. Based on this, the company agreed to subscribe RMB20 million in cash to increase the registered capital of RMB20 million. Volkswagen Logistics and Volkswagen Enterprise Management agreed to relinquish the priority payment rights enjoyed in connection with this capital increase.
Immediately before this capital increase, the registered capital of Volkswagen Green Bank was RMB 20 million. Volkswagen Logistics and Volkswagen Enterprise Management held 80% and 20% of the shares of Volkswagen Green Bank respectively. After the capital increase is completed, the registered capital of Volkswagen Green Bank will increase to RMB 40 million. The company, Volkswagen Logistics and Volkswagen Enterprise Management will respectively hold 50%, 40% and 10% of Volkswagen Green Bank's shares, while the total shareholding ratio of Volkswagen Green Bank held by the group (through the company and Volkswagen Logistics) will increase to about 82%. Volkswagen Green Bank is still a non-wholly-owned subsidiary of the company.
Volkswagen Green Line is mainly engaged in the operation of charging stations for new energy vehicles. Currently, all stations in operation are located in Shanghai, including Wenshui Road Station, Jiangdong Road Station, Songjiang International Conference Center Station, Qingpu Volkswagen Driving Training Station, Caoan Highway Station, Dongge Road Station, and Vehicle Wei Space.
The company's main business is the provision of utility services. Keep abreast of the company's new energy development strategy, focus on promoting the construction of charging stations, and actively explore the green transformation path under the “dual carbon” goal. Volkswagen Green Bank is an investment and operation platform for the company's charging station project. The capital increase of 20 million yuan is intended to be used for charging station construction, equipment procurement, station operation and liquidity replenishment.