# Siemens to carve out EV charging business
Published: 2024-09-23
Category: Headlines
Category URL: https://entrepreneurtribune.com/category/headlines/
Meta Title: Siemens to Spin Off Electric Vehicle Charging Business for Growth
Meta Description: Siemens plans to spin off eMobility business to boost profitability, tapping into high potential segments and key markets.
URL: https://entrepreneurtribune.com/siemens-to-carve-out-ev-charging-business/

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BERLIN (Reuters) – Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, to open opportunities for more growth, the German conglomerate said on Monday.

The carve-out will combine Siemens eMobility with recently acquired DC fast-charging solutions specialist Heliox, said Siemens.

“The new setup of eMobility will enable the business to accelerate profitability by focusing on high potential business segments and strategically relevant geographies,” said Matthias Rebellius, Siemens AG managing board member.

(Writing by Miranda Murray, Editing by Rachel More)


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