Siemens has announced it will be further separating its electric vehicle charging division from the main company body in order to enable further growth.
The decision to carve out the eMobility division, which was bundled in 2018 and organised into its own business entity in 2022, will allow it to grow and transform into a more focused market competitor.
Driven by targeted organic investments into the business, Siemens recently acquired DC fast charging specialist Heliox, allowing the company to extend market reach into Europe and North America.
The upcoming carve-out will see both companies combined into one legal structure, creating optimal conditions to drive progress and expand leadership in the current and future market.
Matthias Rebellius, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure, said:The new setup of eMobility will enable the business to accelerate profitability by focusing on high potential business segments and strategically relevant geographies. It will have more freedom to define its focus areas based on business strengths. This business will be well positioned to foster new partnerships to increase customer access through new sales channels and enrich capabilities in new end markets.
Building up charging infrastructure for electric vehicles is crucial to achieving the electrification of transport, a central piece in the aspiration to reach net zero by 2050.
