September 7, 2018 / 1:19 PM / 18 days ago

Sweden's Vattenfall targets top spot in German e-mobility sector

FRANKFURT (Reuters) - Swedish utility Vattenfall is making a push into the German market for electric vehicle (EV) services and mulls, teaming up with local carmakers to grab a place among the top 3 players, a board member said.

Tuomo Hatakka, poses for a portrait, in Berlin, Germany August 15, 2017. Picture taken August 15, 2017. REUTERS/Axel Schmidt

Tuomo Hatakka, driver of an all-electric BMW i3 model, said Vattenfall is targeting private customers and corporate fleets in the area of charging solutions, adding that public infrastructure was also a possible revenue source.

The state-owned group has so far installed as much as 10,000 charging points in Sweden, the Netherlands and Germany. Group-wide, it plans to spend 3.1 billion Swedish crowns ($341 million) into new technologies, including e-mobility.

“We are trying to understand the market and are in talks with all the relevant players. It would not be serious if that didn’t include the carmakers,” Hatakka, 61, told Reuters.

Reporting by Christoph Steitz and Tom Kaeckenhoff, editing by Riham Alkousaa

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