Mercedes-Benz stock slips 1.64% as Hydro plan faces execution test
Published on 11/12/2026 at 17:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSClimate targets meet execution demands
- Mercedes-Benz targets 2039 cuts of 90 percent in production emissions, 80 percent in vehicle-use emissions subject to market conditions, and 70 percent across relevant value-chain stages.
- A binding Hydro agreement covers at least 10 percent of primary aluminium demand and sets lower-carbon milestones through 2030.
- Investors will focus on whether lower-carbon sourcing improves resilience without adding pressure to vehicle costs.
Mercedes-Benz stock traded at 40.79 euros on Lang & Schwarz at 17:38 CET on Thursday, November 12, 1.64 percent below the 41.47-euro level in the latest report on the same day. The quote was also 0.05 percent below the Xetra close of 40.81 euros from Thursday, November 12.
The change since the earlier report qualifies as the new market development in this second main-values report. The underlying corporate event remains Mercedes-Benz's sustainability update of November 10, when the group presented a sharper emissions roadmap and a binding aluminium agreement with Hydro.
Targets become more operational
According to Mercedes-Benz, the group aims to reduce production emissions by 90 percent and vehicle-use emissions by 80 percent by 2039 against 2019 levels, with the use-phase target subject to market conditions. The target across relevant value-chain stages is a 70 percent reduction. Mercedes-Benz intends to reach net zero by 2049 at the latest.
Hydro deal sets supply milestones
The agreement covers primary aluminium supplied from 2026 to beyond 2030 and at least 10 percent of Mercedes-Benz's primary aluminium demand. Its carbon footprint is set to fall to 3.5 kilograms of CO2e per kilogram by 2028 and 3.0 kilograms from 2030.
The contract also covers Hydro CIRCAL, which is planned for use from 2027 and contains at least 75 percent post-consumer recycled content. Mercedes-Benz says the material has a carbon footprint of no more than 2.0 kilograms of CO2e per kilogram.
Execution remains the investment test
Mercedes-Benz plans 14 fully electric vehicle launches between 2025 and 2027. The company also reported cumulative energy savings of around 570 gigawatt-hours across its global production network over the past two years.
For investors, the key question is whether lower-carbon materials, energy efficiency and supply-chain transparency can strengthen resilience and cost predictability while the group manages electrification, demand and infrastructure risks. The next milestones are the 2028 aluminium footprint target and the broader 2030 sourcing commitment.
Mercedes-Benz Group at a glance
- Company: Mercedes-Benz Group AG
- ISIN: DE0007100000
- Xetra ticker: MBG.DE
- Lang & Schwarz quote: 40.79 euros at 17:38 CET on November 12, 2026
- Change since latest report: 1.64 percent lower than 41.47 euros at 11:41 CET on November 12, 2026
- Xetra close: 40.81 euros on November 12, 2026
- Daily comparison: 0.05 percent below the Xetra close
German equities are tracked in the current DAX market reports.
