Siemens said it would separate its electric vehicle charging unit to create an independent business that is more agile and better positioned to capitalize on opportunities in the fast-growing market.

Siemens (OTCPK:SIEGY) did not offer more specifics on its plans for the eMobility unit, which provides hardware, software and electric vehicle charging infrastructure for public, residential, commercial and municipal customers, with production and research ...

By Marleen Kaesebier and Miranda Murray BERLIN (Reuters) -Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, as it looks to grow in the rapidly evolving industry,

Siemens AG will set up its electric car and truck charging business as a fully independent unit to pursue new partnerships and boost growth.