Mercedes-Benz Exits European Charging Business… Partnership with France’s Electra Shifts Direction

*This content was translated by AI.View Original

Mercedes-Benz has concluded its direct infrastructure development business in the region by selling its own electric vehicle charging network, which it had been operating directly in Europe, to French charging operator Electra.

Through its third-quarter financial report, Mercedes-Benz publicly disclosed that it had sold assets related to its European charging network. The assets sold this time consist of 374 fast-charging facilities located at 47 sites across Europe, with a valuation of 99 million euros (approximately 140 billion won).

With this sale, Mercedes-Benz is stepping back from operating an independent charging network in the European market and fully transitioning to an operation model centered on external partnerships. Acquirer Electra has swiftly integrated the existing Mercedes-Benz charging stations into its own network, and Mercedes-Benz electric vehicle users have secured the benefit of using more than 5,000 Electra chargers across over 800 locations in various European countries at discounted rates. Following IONITY, Electra has established itself as a key premium partner for Mercedes.

Industry experts analyzed that the background of the sale lies in the fact that, as the charging infrastructure market is being restructured around major operators, independent networks of relatively smaller automakers have hit limits in terms of maintenance costs and efficiency. Meanwhile, this European asset sale does not affect the high-power charging network construction project underway in North America, and infrastructure investments in the North American and Canadian markets will be maintained as originally planned.

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*This content was translated by AI.View Original