EV Momentum: Automaker Alliance for EV Charging in North America
- July 27th, 2023
- 565 views
Seven renowned automakers, including BMW Group, General Motors (NYSE: GM), Honda (NYSE: HMC), Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV (NYSE: STLA), are forming a groundbreaking joint venture to accelerate the transition to electric vehicles (EVs) in North America
The venture will focus on developing a new, high-powered charging network with at least 30,000 chargers, making zero-emission driving more attractive to the masses. Leveraging both public and private funding, the initiative will expedite the installation of high-powered charging stations across the region, catering to all battery-powered electric vehicles using the Combined Charging System (CCS) or North American Charging Standard (NACS).
Planned to become the leading network of reliable high-powered charging stations in North America, the venture's establishment is projected for this year, pending customary closing conditions and regulatory approvals.
During pre-market trading, $GM is up by $0.22 (+0.57%) at $38.51, $STLA has risen by $0.72 (+3.76%) to $19.89, while $HMC is unchanged at $31.54.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Tags
Post Your Comments
Want To Find Some News?
Recent Posts
-
DOT, DoW, DHS Join Forces to Protect Southern Border Airspace
October 16th, 2026FTC Sues Ticket Broker Over Unlawful Tactics Used to Buy Millions of Tickets to Popular Live Events
October 15th, 2026October 15th, 2026FDA Approves First Treatment for Certain People With BCG-Unresponsive Bladder Cancer
October 14th, 2026U.S. Treasury Announces Record Enforcement Actions Against Bank of America
October 14th, 2026
Member Login