After electric car maker Tesla announced it would give Ford access to its Supercharger network, billionaire Elon Musk’s company decided to do the same for another rival, General Motors. The company’s electric cars will be able to use Tesla’s charging stations.
General Motors CEO Mary Barra commented that the Tesla deal would save the automaker up to $400 million from its planned investment in building electric car charging infrastructure in the US and Canada.
In October 2021, GM said it plans to invest $750 million in electric vehicle charging infrastructure in both countries, CNBC writes.
Tesla is opening up its EV charging network to one of its major American rivals
The idea is to ensure that Tesla’s competitor in the electric car market will be on an “equal footing”
The deal between GM and Tesla will give owners of the company’s electric vehicles access to more than 12,000 of Tesla’s fast chargers starting next year using an adapter.
Shares of GM and Tesla rose more than 3% in Thursday trading after the news.
2023-06-09 15:40:15
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