Mercedes-Benz to Double EV Sales in 2022, Solidify Supplier Relationship

Mercedes-Benz to Double EV Sales in 2022, Solidify Supplier Relationship
A logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium, on May 28, 2020. Yves Herman/Reuters
Reuters
Updated:

BERLIN—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 on concrete supply quantities, widening its source base, extending planning cycles, and developing safety stocks.