By SEMA Editors
Seven of the world’s leading automakers--BMW Group, General Motors, Honda,
Hyundai, Kia, Mercedes-Benz Group and Stellantis NV--are creating a joint venture to accelerate the transition to electric vehicles (EVs) in North America by making EV charging more convenient, accessible and reliable.
The joint venture will include the development of a new, high-powered charging network with at least 30,000 chargers.
With the generational investments in public charging being implemented on the federal and state level, the joint venture will leverage public and private funds to accelerate the installation of high-powered charging for customers. The new charging stations will be accessible to all battery-powered electric vehicles from any automaker using a combined charging system (CCS) or North American Charging Standard (NACS) and are expected to meet or exceed the U.S. National Electric Vehicle Infrastructure (NEVI) program requirements.
The joint venture is expected to be established this year, subject to customary closing conditions and regulatory approvals.
The first stations are expected to open in the United States in the summer of 2024 and in Canada at a later stage. Each site will be equipped with multiple high-powered DC chargers and in line with the sustainability strategies of all seven automakers, the joint venture intends to power the charging network solely by renewable energy.
For more details, visit the Stellantis announcement.