In North America alone, the company said the investment will total just over 1 billion euros (approximately CAD$1.4 billion), spread over the next seven years.
Mercedes-Benz Group is planning to build a global network of high-power charging stations to give its customers and electric vehicle drivers from other brands greater access to charging infrastructure capable of restoring a significant charge to EV batteries in minutes, not hours.
“Our customers deserve a compelling charging experience that makes electric vehicle ownership and long-distance travel effortless,” he said in a release. “We won’t take a wait-and-see approach for this to be built.” In North America, Mercedes-Benz has partnered with EV infrastructure company ChargePoint, as well as renewables company MN8 Energy to build out the charging network. The automaker said it will share the more than 1 billion euros in capital investment “roughly 50:50” with the New York-based renewable energy company. ChargePoint is headquartered in California.
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