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BMW and Daimler: billions poured in electric drive

The German car companies Daimler and BMW jointly invest 1 billion euros in the expansion of their mobility services. The money is invested in five divisions focusing on, among other things, electric driving, charging infrastructure, parking and car sharing services.

The companies themselves speak of a “game changer” in the urban mobility market, and companies expect 60 million customers to use their services worldwide, with a maximum of a thousand new jobs worldwide.

The automakers say they will not exclude further investments in the future. We also look at new partnerships with other providers as well as takeovers of, for example, start-ups or established companies. The goal is ultimately to merge all parts into a sustainable mobility service provider.

The two companies are active in the Netherlands with parking payment service Parkmobile and car sharing service Car2Go.

About the author: Wesley C Waldo

Wesley C Waldo, a promising writer who is preparing to publish his first novel in 2023. Travels a lot and collects the clues for a new book. He writes on social topics, sometimes describes an event or two.

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