🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

GM teams with enemy Tesla on EV charging

Published 06/09/2023, 04:58 AM
© Reuters.
GM
-
TSLA
-

General Motors (NYSE:GM) CEO Mary Barra held a meeting with Tesla (NASDAQ:TSLA) CEO Elon Musk where the two confirmed a collaboration to integrate the North American Charging Standard (NACS) connector design into its EVs beginning in 2025. Barra also announced that GM customers will have access to an adapter that will allow users to access Tesla chargers starting early next spring.

“In order to drive EV adoption, we need to have a robust charging infrastructure,” said Barra.

“I want to emphasize that you have our full support and we’re incredibly excited to partner with you on this,” responded Musk. He added that Tesla wants to “make it a fantastic electric vehicle experience, whether somebody is driving a car from GM or Tesla.”

The partnership enhances the accessibility of chargers for GM EV drivers by incorporating the extensive network of Tesla Superchargers, currently numbering 12,000 and expanding, across North America. This collaboration complements GM's continuous efforts to invest in charging infrastructure, reinforcing their commitment to broadening charging accessibility in residential, commercial, and public areas. Moreover, it builds upon the existing 134,000 chargers already accessible to GM EV drivers through the Ultium Charge 360 initiative and mobile applications.

"Our vision of the all-electric future means producing millions of world-class EVs across categories and price points, while creating an ecosystem that will accelerate mass EV adoption," said GM Chair and CEO Mary Barra. "This collaboration is a key part of our strategy and an important next step in quickly expanding access to fast chargers for our customers. Not only will it help make the transition to electric vehicles more seamless for our customers, but it could help move the industry toward a single North American charging standard."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.