Morningstar

Siemens Mobility Invests $41 Million to Build New Battery Factory

Provided by Dow Jones Sep 29, 2025, 9:59:00 AM

By Nina Kienle

Siemens Mobility said it would invest around 22 million euros ($25.7 million) to build a battery-system factory in Germany that would create up to 200 new jobs.

The rail-transport division of German conglomerate Siemens on Monday said 2.7 million euros comes as a subsidy from Bavarian funding programs and around 22 million euros will be provided by Siemens Mobility itself.

Completion of the building in Luhe-Wildenau, Bavaria, is scheduled for spring 2027, with series production set to start in October of that same year, the division said.

Write to Nina Kienle at nina.kienle@wsj.com

Corrections & Amplifications

This was corrected at 6:41 a.m. ET because the original version incorrectly said Siemens Mobility will invest 35 million euros to build a battery-system factory in Germany.

(END) Dow Jones Newswires

September 29, 2025 05:59 ET (09:59 GMT)

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