Daimler is pressing ahead with its structural realignment and the acceleration of a shift to electric mobility
This year Mercedes-Benz Cars is significantly expanding its offering of fully electric vehicles: The compact electric model EQA will be followed shortly by the EQS (WLTP range of up to 770 km) and the EQB as well as the EQE later this year. Also, Mercedes-Benz Vans will enrich the portfolio with electric vehicles: before the end of the year concepts for an electrified Citan and the T-Class will be presented.
Daimler Trucks & Buses is also focusing on CO2-neutral passenger and goods transportation: Series production of the eActros, which has a range of well over 200 kilometers and is suitable for urban heavy goods and distribution transport, will start in fall this year. For longer distances with a range of about 500 kilometers, the eActros LongHaul is being developed for market launch as of 2024. In addition, fuel-cell trucks are scheduled to go into series production in the second half of the decade. With the buses, the eCitaro and the articulated eCitaro are two vehicles already available for CO2-neutral urban transport.
A prerequisite for the breakthrough of electric mobility is an efficient public charging infrastructure which expands to keep pace with the electric ramp-up of manufacturers. To meet the European Commission’s CO2 targets, Europe needs three million public charging points by the end of the decade.
Project Focus offers potential
In order to utilize the full potential of the two industrial divisions during the industrial transformation and to create sustainable value, the Board of Management and Supervisory Board decided in February 2021 to initiate a fundamental change to the Group’s structure:
Daimler intends to spin off Daimler Truck and list it on the stock exchange. It is planned to transfer a significant majority stake in Daimler Truck to the Daimler shareholders. The transaction and the listing of Daimler Truck on the Frankfurt Stock Exchange are expected to be completed by the end of 2021. It is also intended to rename Daimler as Mercedes-Benz in due course. The planned spin-off will be under voting at an Extraordinary General Meeting which is planned to take place in autumn of 2021.
Changes in the Supervisory Board
The Supervisory Board on Wednesday elected a new Chairman at its constituent meeting following the virtual regular Annual General Meeting on the 2020 financial year. Bernd Pischetsrieder succeeds Manfred Bischoff, who is stepping down from the Supervisory Board at his own request after 14 years as Chairman.
The shareholders elected Elizabeth Centoni, Chief Strategy Officer and General Manager of Applications at Cisco Systems, Inc., Ben van Beurden, CEO Royal Dutch Shell plc, and Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, to the Supervisory Board by a large majority. They succeed Petraea Heynicke and Jürgen Hambrecht, who are also stepping down from the Supervisory Board along with Manfred Bischoff.