Volkswagen and Italy's Enel launch joint venture for high-speed charging

BERLIN :Volkswagen and Italy's Enel have formed a joint venture to build 3,000 high-speed charging points across Italy for electric vehicles , investing 100 million euros each, Volkswagen said on Tuesday.

By the end of 2022, the carmaker and its partners will have installed 4,300 of a planned 18,000 fast-charging points in Europe, 3,700 of a planned 10,000 in the United States and 8,000 of a planned 17,000 in China.Volkswagen operates partnerships in Europe with BP and Spain's Iberdrola and is a shareholder in fast-charging venture Ionity with rival carmakers BMW, Mercedes-Benz, Ford and Hyundai.

Europe requires at least 3.4 million charging points by 2030, up from an estimated 375,000 available at the end of 2021, according to a McKinsey study for the European Automobile Manufacturers Association.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German car giants and Asian battery kings: a match made in HungaryBERLIN/BUDAPEST : German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions.The companies are flocking to central Europe, where Viktor Orban's government is defying Western wariness of China and offerin
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

G7 establishes climate club to fight global warmingBERLIN: The Group of Seven leading economies have created an open, international climate club for countries that want to cooperate in the fight against global warming, German Chancellor Olaf Scholz said on Monday (Dec 12) after a video conference with other G-7 leaders. Germany holds the presidency of the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »