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Siemens to carve out EV charging business

Published by Uma Rajagopal

Posted on September 23, 2024

1 min read

· Last updated: January 29, 2026

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Siemens logo representing EV charging business growth - Global Banking & Finance Review
Image of Siemens logo illustrating the company's carve-out of its EV charging business, Siemens eMobility. This strategic move aims to enhance profitability and focus on high-potential segments in the electric vehicle market.
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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 […]

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)

Frequently Asked Questions

What is EV charging?
EV charging refers to the process of supplying electric energy to electric vehicles (EVs) through charging stations, enabling them to recharge their batteries for operation.
What is a carve-out?
A carve-out is a business strategy where a company separates a portion of its operations or assets to create a new entity, often to enhance focus and growth potential.

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