Siemens CP700A charging point

Siemens CP700A charging point

According to a Wall Street Journal article, Siemens appears to have exited the charging station business due to low demand for such equipment.

"Industrial conglomerate Siemens AG (SI) said Tuesday it will exit its electric car charging points business, as demand and market development turned out weaker than expected."

Siemens use to offer both AC charging points and DC fast chargers, but this latest decision means that Siemens will be left trying to find other employment opportunities for staff presently in its charger segment.

Siemens will apparently stick with developing and producing motors for electric vehicles and wireless charging will still be an area Siemens intends to focus on.

There's no word yet on what will become of Siemens eHighway project.

Source: The Wall Street Journal