TSLA - HCMay be some relationship associated?. Read the following.
Globe/AP say Tesla sees rivals set up charging network
2023-07-27 08:31 ET - In the News
The Globe and Mail reports in its Thursday edition that seven carmakers say they are joining to build a North American electric-vehicle charging network that would rival Tesla's and nearly double the number of fast-charging plugs in the United States and Canada. An Associated Press dispatch to The Globe says that GM, BMW, Honda, Hyundai, Kia, Mercedes and Stellantis said Wednesday they will share in a multibillion-dollar investment to build "high power" charging stations with 30,000 plugs in cities and along travel corridors. The move is intended to speed the adoption of EVs, allaying fears about long-distance travel. The companies would not disclose the exact number of charging stations or financial details of the joint venture they are forming to put the network in place. However, the new network is expected to have 10 to 20 charging plugs a station, meaning there would be a minimum of 1,500 stations and a maximum of 3,000. Tesla has 2,050 stations and more than 22,000 plugs in the U.S. and Canada. The network formed by the seven automakers would be public and open to all EV owners. It will have connectors for both Tesla's North American plugs as well as the Combined Charging System plugs used by other automakers.