Siemens announced plans to spin off its electric vehicle charging unit, eMobility, into an independent business to enhance agility and capitalize on growth opportunities in the expanding EV market. The move is intended to create a more focused and flexible entity capable of responding to market demands more effectively.
The eMobility business offers a comprehensive range of hardware, software, and charging infrastructure solutions, serving public, residential, commercial, and municipal customers. Siemens emphasized that the separation would enable the business to operate with greater entrepreneurial freedom. âThe carve out of Siemens eMobility, which today has a strong technological core and portfolio, will give the business entrepreneurial freedom to transform into a more agile, focused and efficient market player,â Siemens stated.
The independent eMobility unit will also integrate Heliox, the Dutch eBus and eTruck charging solutions provider that Siemens acquired earlier this year, positioning the business for future partnerships.
The global electric vehicle charging market is expected to grow significantly, reaching $79.7 billion by 2030, according to a report by Research and Markets.
Production and R&D operations for Siemens eMobility are spread across Germany, Portugal, the U.S., India, and the Netherlands, ensuring a global footprint to meet rising demand.
