Mercedes-Benz Inaugurates Electric Software Hub In Germany

April 8, 2022 12:28 PM | 1 min read |

Mercedes-Benz Group AG DMLRY inaugurated a new €200 million ($217 million) Electric Software Hub in Sindelfingen, Germany.
The center is part of a broader effort by Mercedes-Benz to streamline its software strategy from a patchwork approach bringing in technology from a wide range of suppliers to controlling the core of its software offering itself, Reuters reports.
Around 750 of the 3,000 new hires to develop the operating system were hired in Sindelfingen, working on features from in-vehicle entertainment to autonomous driving.
Mercedes is 600 unfilled vacancies away from achieving its goal of a global team of 10,000 software engineers in Berlin, China, India, Israel, Japan, and the U.S.
Price Action: DMLRY shares traded higher by 0.23% at $17.09 on the last check Friday.

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