Mercedes-Benz is transferring its European charging network to French operator Electra, stepping back from running its own rapid-charging stations in the region. The deal covers 47 stations with a total of 374 charging points. Its value has not been disclosed; Mercedes’ quarterly report valued the network at €99 million.
Most of the sites are in Germany, which accounts for 31 stations, and Austria, with six. The remaining locations are in other European countries. Electra says the acquisition will increase its German network from 50 to 81 stations, a 62% rise.
The sale marks a retreat from plans Mercedes announced in early 2023 to install 10,000 chargers across 2,000 sites in North America, China and Europe by 2030. The original report points to slower electric-car sales, price pressure in China and shrinking margins as factors behind the company’s decision to reduce investment in activities outside its core business. Building and maintaining high-powered charging sites also requires significant spending, with uncertain returns.
Mercedes customers will continue to receive preferential rates through MB.CHARGE Public, the company’s charging service. The agreement also provides for remote charger reservations and integration with Mercedes’ MBUX infotainment system across Electra’s network.
Electra says it now operates more than 800 stations and 5,000 charging points in 10 European countries. The operator plans to invest €200 million in Germany next year and aims to reach 15,000 rapid-charging points across Europe by 2030.
Sources: Numerama.