Spin-off of electric vehicle energy storage business

How will Siemens eMobility benefit the EV charging infrastructure market?

Siemens' decision to carve out its eMobility business will better leverage opportunities in the fast-growing and dynamic electric vehicle (EV) charging infrastructure market. This move will enable Siemens eMobility to strengthen its technology leadership and product portfolio through targeted organic investments.

Could Tata Group spin off its battery business?

Tata Group is considering a potential spinoff of its battery business, according to people familiar with the matter, as the Indian conglomerate expands its foray into the country’s renewable energy and electric vehicle sectors.

Will eMobility transform EV charging infrastructure?

The company says that carving out out eMobility enables entrepreneurial freedom to transform it into a focused and efficient market player. It will also enable Siemens to leverage opportunities in the fast-growing EV charging infrastructure market. In the past, Siemens has made targeted investments to build eMobility’s technology.

Why did Siemens separate its electric vehicle charging unit?

Siemens (OTCPK:SIEGY) said Monday it will separate its electric vehicle charging unit to create an independent business, as it aims to place its electric mobility unit on track to become more agile with more freedom to "define its focus areas based on business strengths."

Does Siemens have an eMobility business?

Siemens has announced the intention to carve out its eMobility business, which is focused on electric vehicle charging. The company bundled its eMobility charging activities in 2018 and subsequently organized it into a separate business unit in 2022.

Will Tata Motors spinoff its EV business?

Tata Motors is also exploring similar spinoff plans for its EV business as some of the existing investors may want to exit, one of the people said. The EV operation may go public as a separate company at a later stage, the person said. Considerations are preliminary and Tata may decide against proceeding with the spinoffs, the people said.