Seven automakers are joining forces to build a leading fast-charging network in North America.
01-08-2023 17:38 - MARKET NEWS
To accelerate the transition to the all-electric future in North America, seven of the world's leading automakers - BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV. – combined in a joint venture. Together they have set themselves the goal of making charging electric vehicles more convenient and reliable. The joint venture includes the development of a new fast charging network with at least 30,000 charging points in order to make emission-free driving even more attractive for millions of customers.
With several generations of technology investing in public charging at federal and state levels in the United States, the joint venture will use public and private funds to accelerate the installation of high-performance charging stations for customers. The new charging stations will be accessible to battery electric vehicles from all car manufacturers using CCS (Combined Charging System) or NACS (North American Charging Standard) connectors. They are expected to meet or exceed the requirements of the US National Electric Vehicle Infrastructure (NEVI) program.
The goal is to build the leading network of reliable fast charging stations in North America. The joint venture is expected to be formed later this year, subject to the necessary closing conditions and the appropriate regulatory approvals being obtained. The first charging stations are scheduled to open in the United States in summer 2024 and in Canada at a later date. Each location will be equipped with several powerful DC fast charging points to make it easier for customers to charge flexibly on long-distance journeys. In line with the sustainability strategies of the seven car manufacturers, the joint venture intends to feed the charging network with 100% renewable energy.
The goal is to build the leading network of reliable fast charging stations in North America. The joint venture is expected to be formed later this year, subject to the necessary closing conditions and the appropriate regulatory approvals being obtained. The first charging stations are scheduled to open in the United States in summer 2024 and in Canada at a later date. Each location will be equipped with several powerful DC fast charging points to make it easier for customers to charge flexibly on long-distance journeys. In line with the sustainability strategies of the seven car manufacturers, the joint venture intends to feed the charging network with 100% renewable energy.