Cerence Inc. shares rise 4.07% premarket after Volkswagen's Elli launches energy trading as a service.

Cerence Inc. rose 4.07% in premarket trading. Volkswagen's Elli, a brand under the Volkswagen Group, has expanded its energy business unit to offer energy trading as a service to external customers. This move is part of Elli's strategy to become a comprehensive European energy provider, focusing on renewable electricity trading to reduce costs and promote sustainability. Additionally, Volkswagen reported a slight increase in Q2 deliveries despite a drop in US demand, indicating continued growth in other markets.