# Siemens to carve out EV charging business
Published: 2024-09-23
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: Siemens Carves Out eMobility Charging Business for Growth
Meta Description: Siemens announces the carving out of its eMobility business to boost growth, merging with Heliox for enhanced profitability and market focus.
URL: https://internationalreleases.com/siemens-to-carve-out-ev-charging-business/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsjkhn001iwirgrmrp8k0j/images/2024-09-23t071326z1lynxmpek8m04frtroptp4swiss-business-1736746754777-compressed.webp)

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)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---