Seven major automakers on July 26 said that they are creating a joint venture that will pursue the development of a new charging network with at least 30,000 chargers in North America.
The automakers forming the joint venture are: BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group and Stellantis NV.
The joint venture is expected to be established this year, subject to customary closing conditions and regulatory approvals.
“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 automakers said.
The new charging stations will be accessible to all battery-powered electric vehicles from any automaker using Combined Charging System or North American Charging Standard and are expected to meet or exceed the spirit and requirements of the U.S. National Electric Vehicle Infrastructure program.
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.
Initial plans call for the deployment of charging stations in metropolitan areas and along major highways, including connecting corridors and vacation routes.