Some of the world’s largest automakers are joining forces in a new joint venture hoping to build thousands of EV chargers across the United States.
The companies reportedly involved in the joint venture are BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis.
According to the Wall Street Journal, the companies are collectively investing at least one billion to build charging infrastructure. The new joint venture is reportedly aiming to build around 30,000 fast chargers in urban and highway areas across the United States.
The same group of automakers founded Ionity in 2017 in Europe. So, the fact the same group is joining together again should come as no surprise. However, there is no word on if the company will be related to Ionity or based on the same tenants.
The move comes as many automakers are scrambling to find suitable chargers for their vehicles. Although the EV lineups in the US are solid, the infrastructure around them is lacking compared to China and Europe. There is no word on whether this joint venture will also head north and add to the growing list of charging options in Canada.
However, either way, more chargers in the North American space are always positive.