# Siemens to carve out EV charging business
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2024-09-23
Category: Headlines
Category URL: https://economystandard.com/category/headlines/
Meta Title: Siemens carves out electric vehicle charging business for growth opportunities
Meta Description: Siemens is carving out its electric vehicle (EV) charging business, combining it with Heliox for accelerated profitability. Learn more!
URL: https://economystandard.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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