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Daimler Accelerates Electric Push

Daimler AG announced it is pressing ahead with its structural realignment and the acceleration of a shift to electric mobility.

“The year 2020 was the most challenging for Daimler during my term as chairman of the Supervisory Board. We passed the pandemic stress test with flying colors, defined the necessary cost-cutting measures, and initiated their consistent implementation to make the company more crisis-proof. We also refocused our strategy on sustainability and climate protection. Our sustainable business strategy must strike a responsible balance between environmental, social and financial goals,” said Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG, on Wednesday at the company’s virtual regular Annual Meeting. Bischoff has been Chairman of the Supervisory Board since 2007 and is stepping down after the Annual Meeting.

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 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.

“Today, Daimler has the broadest electric range in the automotive industry – from city cars to heavy-duty trucks. But that’s not enough for us. We want to accelerate the electrification of our product portfolio. Almost two years ago, we presented our Ambition2039. We want a CO2-neutral fleet of new cars. It’s our goal to reach this target sooner,” said Ola Källenius, chairman of the Board of Management of Daimler AG and of Mercedes-Benz AG.

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