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The automakers Volkswagen, Daimler, BMW, Hyundai and Ford, together with the investment fund BlackRock, are pumping 700 million euros into fast charging stations for electric cars.
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The number of fast charging stations of the charging station company Ionity must increase within four years from 1,500 at 400 locations along European highways to 7,000 at 1,000 locations. This brings Ionity pretty close to Tesla, which has 6,000 poles in more than 600 locations.
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Charging infrastructure is considered a crucial link for the breakthrough of electric cars. Fast chargers along highways are indispensable, especially for the often sporadic long-distance journeys.
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The investment comes with the arrival of a new shareholder: investment giant BlackRock. That puts itself on the side of the Volkswagen group, the Mercedes mother Daimler, BMW, Hyundai and Ford.
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