Finance

Mercedes-Benz to double EV sales in 2022, solidify supplier relationship

Published by maria gbaf

Posted on February 24, 2022

1 min read

· Last updated: February 8, 2026

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Mercedes-Benz logo displayed outside a dealership, highlighting EV sales focus - Global Banking & Finance Review
The image features the Mercedes-Benz logo prominently displayed outside a dealership, symbolizing the company's commitment to doubling electric vehicle sales in 2022, amid market challenges. This visual represents the automotive sector's shift towards electrification and supplier relationship strategies discussed in the article.
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BERLIN (Reuters) – Mercedes-Benz aims to double its electric vehicle sales in 2022 and expand its electrified car footprint in relevant markets worldwide, Chief Executive Ola Kaellenius said on Thursday in an earnings press conference. Chief Financial Executive Harald Wilhelm listed a series of challenges the carmaker expected to face this year, including uncertain geopolitical developments, the […]

BERLIN (Reuters) – Mercedes-Benz aims to double its electric vehicle sales in 2022 and expand its electrified car footprint in relevant markets worldwide, Chief Executive Ola Kaellenius said on Thursday in an earnings press conference.

Chief Financial Executive Harald Wilhelm listed a series of challenges the carmaker expected to face this year, including uncertain geopolitical developments, the ongoing COVID-19 pandemic and a significant rise in some raw material prices.

The carmaker had taken steps to tighten its relationship to semiconductor suppliers, Wilhelm said, such as agreeing concrete supply quantities, widening its source base, extending planning cycles and developing safety stocks.

(Reporting by Victoria Waldersee; Editing by Miranda Murray)

Frequently Asked Questions

What is an electric vehicle?
An electric vehicle (EV) is a type of vehicle that is powered by electricity instead of traditional fuels like gasoline or diesel. EVs use electric motors and batteries for propulsion, contributing to lower emissions and environmental impact.
What are semiconductor suppliers?
Semiconductor suppliers are companies that manufacture semiconductor devices, which are essential components in electronic devices, including vehicles. These suppliers provide the chips that control various functions in modern technology.
What is the impact of raw material prices on manufacturing?
The prices of raw materials significantly affect manufacturing costs. A rise in raw material prices can lead to increased production costs, which may impact pricing strategies and profit margins for manufacturers.

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