In challenge to Tesla, automakers launch US EV charging network

src: wallpapercave

Seven major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the U.S.

src: wallpapercave

and a bid to take advantage of Biden administration subsidies.

src: wallpapercave

The group includes General Motors (GM.N), Stellantis (STLAM.MI),

src: wallpapercave

Hyundai Motor (005380.KS)

src: wallpapercave

and its Kia affiliate, Honda (7267.T)

src: wallpapercave

BMW (BMWG.DE) and Mercedes Benz (MBGn.DE)

src: wallpapercave

brands representing about half of U.S. vehicle sales but a small share of the EV market

src: wallpapercave

that according to some lawyers might raise antitrust concerns

src: wallpapercave

the new joint-venture aims to roll out 30,000 chargers in North America

src: wallpapercave

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