Siemens Mobility announced today its plans to carve out its electric vehicle (EV) charging business into a separate, independent company. This strategic move aims to accelerate growth, enhance focus, and attract external investment for the EV charging business.
The EV charging business, which is currently part of Siemens Mobility’s Electrification business unit, will be spun off as a standalone entity. The new company will be focused solely on developing, manufacturing, and selling EV charging infrastructure solutions.
Siemens Mobility believes that this separation will enable the EV charging business to achieve its full potential and capitalize on the rapidly growing market for electric vehicles. By operating as an independent company, the industry will have greater flexibility to pursue growth opportunities, attract investment, and innovate in the field of EV charging.
While the exact details of the spin-off are still being finalized, Siemens Mobility expects the process to be completed in 2025. The company will provide further updates as the plans progress.
Siemens Mobility’s decision to spin off its EV charging business reflects the company’s commitment to driving the transition to electric mobility. By focusing on this strategic area, Siemens Mobility aims to play a leading role in shaping the future of sustainable transportation.