A group of major automakers – including General Motors (GM), BMW (BMWYY), Honda Motor (HMC), Hyundai Motor (HYMTF), Kia (KIMTF), Mercedes-Benz (MBGYY) and Stellantis (STLA) – have plans for a joint investment to build thousands of electric-vehicle chargers in the U.S., people familiar with the plan told The Wall Street Journal’s Mike Colias, River Davis and Ryan Felton. The companies plan to collectively invest at least $1B in a joint-venture company that will target to build around 30,000 fast chargers in urban and highway areas over several years, the report noted. Other ICE and EV carmakers include Ford (F), Tesla (TSLA), Toyota (TM), Volkswagen (VWAGY), Rivian Automotive (RIVN), Fisker (FSR) and Lucid Group (LCID).
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