Siemens to Spin Off EV Charging Unit

Image source: Siemens

Published on September 30, 2024

Siemens plans to spin off its electric vehicle charging business, Siemens eMobility, to fuel its growth and improve market positioning. The business will merge with Heliox, a specialist in DC fast-charging solutions, particularly for eBus and eTruck fleets. This move will create a separate legal entity that combines Siemens’ technological leadership with Heliox’s pioneering culture.

The separation should allows Siemens eMobility to operate more independently, enhancing flexibility and agility in the rapidly expanding EV charging market. The business will focus on key growth areas, including strategic geographical markets in Europe and North America, and will have the freedom to pursue high-potential segments like fleet charging and commercial applications. Siemens has made targeted investments and acquisitions to bolster eMobility’s capabilities, and this spin-off should further empower the company to innovate and grow more effectively.

The integration of Heliox should Siemens’ product portfolio in power electronics and extends its market reach, providing more comprehensive hardware, software, and IoT-enabled services. The goal is to accelerate the development of charging infrastructure necessary for global transportation electrification, aligning with Siemens’ commitment to achieving net-zero emissions by 2050.

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