Daimler CEO Ola Kallenius speaks on the Paris Motor Present on Oct. 2, 2018.

ERIC PIERMONT/AFP/Getty Pictures

Mercedes-Benz maker Daimler stated on Wednesday it would speed up its shift to electrical vehicles because it builds on a powerful begin to 2021 regardless of a worldwide semiconductor chip scarcity, however gave no particulars of how briskly its automobile lineup will go electrical.

The German firm stated it anticipated 2021 to be a considerably higher 12 months for income, and pre-tax earnings than a pandemic-hit 2020.

In frequent with German rivals BMW and Volkswagen, Daimler benefited from Chinese language demand for high-margin luxurious automobiles within the second half of 2020, which helped gross sales to recuperate from manufacturing shutdowns within the first a part of the 12 months.

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However a scarcity of chips the auto trade makes use of in a variety of capabilities, corresponding to managing gasoline economic system and emergency braking, has meant a lot of the trade has struggled to keep up output.

Daimler stated it deliberate to hurry up the electrification of its product vary, however didn’t present any particular element.

In 2019, Daimler stated it anticipated plug-in hybrids or all-electric automobiles to make up greater than 50 per cent of its automobile gross sales by 2030.

“We wish to speed up the electrification of our product portfolio,” Chief Govt Ola Källenius stated. “It’s our objective to achieve this goal sooner.”

When requested throughout a video convention name with traders why Daimler had not offered up to date targets, the carmaker’s CEO stated this may rely upon many components, together with the provision of charging infrastructure.

Källenius stated Daimler will retool two of its oldest German crops, Untertürkheim and Berlin-Marienfelde, and retrain employees to make electrical automobile elements in addition to components for fossil-fuel fashions.

Daimler will subsequent month unveil the EQS, an all-new electrical Mercedes-Benz sedan utilizing a devoted electrical car platform. The corporate stated on Wednesday the EQS ought to have a battery vary of as much as 770 kilometres (478 miles).

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As automobile makers develop sooner charging batteries for shoppers used to filling combustion engine gasoline tanks in simply minutes, CEO Källenius stated the EQS might be charged as much as a variety of 300 km in quarter-hour.

Throughout the trade, automobile makers are racing to adapt as CO2 emissions targets tighten in Europe and China.

This month, BMW stated it anticipated not less than 50 per cent of its gross sales to be zero-emission automobiles by 2030.

Sweden’s Volvo in the meantime stated its lineup can be totally electrical by 2030, and Ford stated in February its European fashions can be too.

Whereas it focuses on electrical vehicles, Daimler is making ready to listing its truck making unit, Daimler Truck, which it stated ought to occur by the top of 2021.

It introduced plans to spin off the unit, the world’s largest truck and bus maker, in February, searching for to extend its investor enchantment as a centered electrical, luxurious automobile enterprise.

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