She said Daimler, which makes Mercedes cars today, Wednesday: If it gets off to a good start in 2021 despite the global shortage of semiconductor chips, it plans to accelerate the shift in its model lineup to Electric cars.
The German company explained that it expects 2021 to be a much better year in terms of revenues and profits compared to the year 2020, when the epidemic broke out.
And like German competitors BMW and Volkswagen, Daimler benefited from Chinese demand for high-margin luxury cars in the second half of 2020, helping sales recover from a production halt in the spring.
“Daimler is moving forward with restructuring and accelerating the shift to electric mobility, as 2020 has been the most challenging for the company, but we are confident of the current fiscal year,” the company said in a statement.
Based on projected market development and current divisional valuations, unit sales, revenue, and profits in 2021 are still expected to be significantly higher than the previous year’s levels.
Many companies in the auto industry have struggled to maintain production due to a chip shortage this year.
Daimler said preparations are underway for the planned listing of its truck manufacturing unit, Daimler Truck, and is scheduled to be completed by the end of 2021.
The company announced plans to split the unit, the world’s largest truck and bus maker, in February as it seeks to increase its attractiveness to investors as a focused company for electric and luxury cars.
Daimler said: It intends to accelerate the electrification of its product range, but did not provide details, and the company explained In 2019 it expects hybrid or all-electric cars to account for more than 50 percent of car sales by 2030.
Ola Källenius, Chairman of Daimler and President of Mercedes, the first non-German to hold both positions said: The company today has the widest electric range in the automotive industry – from city cars to heavy trucks, but we want to accelerate the electrification of our product range.
He added: Our goal is to reach this goal sooner, and for nearly two years, we presented our ambition for 2039, and we want a carbon dioxide neutral fleet of new cars.
And earlier this month, BMW said it expects at least 50 percent of its sales to be zero-emissions vehicles by 2030.
Automakers are racing to introduce new electric cars as carbon dioxide emissions targets in Europe and China tighten.
Next month, Daimler is preparing to unveil the EQS, Mercedes’ all-new electric sedan that uses a platform dedicated to electric vehicles, to be followed by EQB as well as EQE later this year.
The company said today, Wednesday: The range of the EQS battery should reach 770 km.