# Siemens to carve out EV charging business
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2024-09-23
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Siemens to carve out eMobility business for growth
Meta Description: Siemens announces plan to carve out its electric vehicle charging business, eMobility, for accelerated profitability and growth. Read more here.
URL: https://financedigest.com/siemens-to-carve-out-ev-charging-businesshtml

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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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