By Giulia Petroni 
 

Mercedes-Benz AG said Wednesday that it would create a new unit for its drive system expertise as part of an effort to transform toward carbon-neutral mobility.

The Daimler AG-owned car maker said the unit will operate as an internal system supplier responsible for engines transmissions, batteries and electric drives, as well as the associated hardware and software. It will be called Mercedes-Benz Drive Systems.

"This focus will support us in our ambitious goal of being able to offer our customers a complete CO2-free product range in under 20 years," said board of management's member Markus Schaefer.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

July 22, 2020 08:48 ET (12:48 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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