Volkswagen is accelerating the sale of Everllence, its heavy-duty diesel engine and heat pump business unit, and has invited multiple firms—including Blackstone, Brookfield, CVC, Advent, EQT, Bain Capital, and Japan’s Yanmar—to participate in the second round of bidding. Preliminary bids value the business at approximately €8 billion (including debt), significantly higher than the €5–6 billion range estimated in January this year. Everllence generated €4.3 billion in revenue in 2024, with an EBIT of €337 million. Its industrial nature continues to make it attractive despite pressures from electrification. Volkswagen plans to sell a majority stake while retaining a minority shareholding, with binding final offers expected within six weeks. This move represents a key strategic adjustment by Volkswagen to address delays in its electric transition, intensifying competition from Chinese automakers, and mounting cost pressures. Porsche SE has also expressed interest in investing.