Working together for a fast-charging network in North America: joint venture of seven automakers

To accelerate the transition to an 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. – have joined forces in a joint venture. Together, they aim to make electric vehicle charging more convenient and reliable. The joint venture includes the development of a new fast charging network with at least 30,000 charging points to make zero-emission driving even more attractive for millions of customers.

With several technological generations of investment in public charging stations already underway at the federal and state levels in the U.S., the joint venture will leverage 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 automakers that use CCS (Combined Charging System) or NACS (North American Charging Standard) connectors. They are expected to meet or exceed the requirements of the U.S. National Electric Vehicle Infrastructure (NEVI) program.

The aim is to build the leading network of reliable fast-charging stations in North America. The joint venture is to be established this year, provided the necessary closing conditions are met and the relevant regulatory approvals are obtained. The first charging stations are expected to open in the summer of 2024 in the U.S. and at a later date in Canada. Each site will be equipped with multiple high-capacity DC fast charging points to facilitate flexible charging for customers on long-distance trips. In line with the sustainability strategies of the seven automakers, the joint venture intends to feed the charging network with 100% renewable energy.

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26.07.2023   |  

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