BMW, Daimler, Volkswagen and Ford Agree JV to Build Electric Car Stations
November 29 2016 - 5:06AM
Dow Jones News
By Friedrich Geiger
BERLIN--BMW AG, Daimler AG and Volkswagen AG said Tuesday they
plan to build together with Ford Motor Co. a network of hundreds of
ultra-fast, high-powered charging stations for electric cars in
Europe.
The car makers have signed a memorandum of understanding to
start building stations next year that will make charging cars
significantly faster than is possible with even the most powerful
charging systems deployed presently. The initial target for the
joint venture is to equip about 400 sites with power levels of up
to 350 kilowatts.
By 2020, customers should have access to thousands of
high-powered charging points, according to BMW. The goal is to
enable long-distance travel through charging stations along
highways and major thoroughfares.
Write Friedrich Geiger at friedrich.geiger@wsj.com
(END) Dow Jones Newswires
November 29, 2016 04:51 ET (09:51 GMT)
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