Finance
Mercedes-Benz to Double Ev Sales in 2022, Solidify Supplier Relationship
Published by maria gbaf
Posted on February 24, 2022
1 min readLast updated: February 8, 2026
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Published by maria gbaf
Posted on February 24, 2022
1 min readLast updated: February 8, 2026
Add as preferred source on GoogleBERLIN (Reuters) – Mercedes-Benz aims to double its electric vehicle sales in 2022 and expand its electrified car footprint in relevant markets worldwide, Chief Executive Ola Kaellenius said on Thursday in an earnings press conference.
BERLIN (Reuters) – Mercedes-Benz aims to double its electric vehicle sales in 2022 and expand its electrified car footprint in relevant markets worldwide, Chief Executive Ola Kaellenius said on Thursday in an earnings press conference.
Chief Financial Executive Harald Wilhelm listed a series of challenges the carmaker expected to face this year, including uncertain geopolitical developments, the ongoing COVID-19 pandemic and a significant rise in some raw material prices.
The carmaker had taken steps to tighten its relationship to semiconductor suppliers, Wilhelm said, such as agreeing concrete supply quantities, widening its source base, extending planning cycles and developing safety stocks.
(Reporting by Victoria Waldersee; Editing by Miranda Murray)
An electric vehicle (EV) is a type of vehicle that is powered by electricity instead of traditional fuels like gasoline or diesel. EVs use electric motors and batteries for propulsion, contributing to lower emissions and environmental impact.
Semiconductor suppliers are companies that manufacture semiconductor devices, which are essential components in electronic devices, including vehicles. These suppliers provide the chips that control various functions in modern technology.
The prices of raw materials significantly affect manufacturing costs. A rise in raw material prices can lead to increased production costs, which may impact pricing strategies and profit margins for manufacturers.
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