MAN SE
MAN3.DE
Deutsche Börse74.00
EUR
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MAN SE
MAN3.DE
(Deutsche Börse)
Recent
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74.00
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ROIC.AI
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- Business
- MAN Truck & Bus SE, a leading European manufacturer of commercial vehicles headquartered in Munich, Germany and founded in 1758 as a predecessor entity, operates as a wholly-owned subsidiary of TRATON SE following the 2021 merger and squeeze-out of MAN SE; the company produces a comprehensive range of trucks including the TGX long-haul series, TGS construction vehicles and truck mixers, TGL distribution models, and heavy-duty variants up to 44 tons gross vehicle weight; vans such as the TGE model from 3 to 5.5 tons; buses encompassing city buses like the Lion's City electric series, intercity coaches including premium NEOPLAN brands, tourist coaches, minibuses, and municipal vehicles; diesel and natural gas engines for marine, power generation, and industrial applications; plus extensive services covering repair, maintenance, genuine parts supply, warranty extensions, telematics, fleet management via RIO platform, digital services including over-the-air software upgrades through MAN Now, and financial services for electromobility rollout. With approximately 33,000 employees worldwide, MAN maintains production sites in Germany including Munich, Nuremberg, and Salzgitter, as well as in Turkey since 1966, Ankara for bus development, and supports global operations in passenger and freight transport across Europe, the Middle East, South Africa, South Korea, and other regions through branch expertise in long-haul, construction, distribution, municipal, and fire services. Recent developments include the ramp-up of electromobility with series production of eTrucks commencing at Munich in 2025, battery production starting at Nuremberg, expansion of e-mobility spare parts logistics in Salzgitter, and first eTrucks deployed in Germany and Europe; launch of the MAN Charge&Go tariff and partnerships such as with E.ON for 400 charging points at 170 European sites by end-2025 and Milence joint venture targeting 1,700 e-truck charging points by 2027; pioneering tests for autonomous driving on German freeways, introduction as Europe's first hydrogen-powered combustion engines for trucks with deliveries to Middle East customers, and receipt of the Truck Innovation Award 2024 for autonomous driving R&D; alongside production realignments and financial services rollout in multiple markets including Germany, Great Britain, Ireland, Austria, Poland, Spain, Sweden, and South Africa.