EV Momentum: Automaker Alliance for EV Charging in North America
- July 27th, 2023
- 235 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
-
Earnings Preview: Walt Disney, Applied Materials, and Celcuity Take Center Stage
November 11th, 2024Key Metrics: CyberArk Software, Hudbay Minerals, and Sonos Earnings Due
November 11th, 2024Earnings: What to Expect from Occidental Petroleum, Rocket Lab, and CAE
November 10th, 2024Earnings Countdown: Home Depot, Sea Limited, and Natera in the Spotlight
November 10th, 2024Ahead of Earnings: DoorDash, MetLife, and Exelon in the Spotlight
October 27th, 2024
Member Login