Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
EV pure play’s ambitions have dependencies that may change under a Republican regime
The Croatian EV technology firm will supply drivetrains to the Middle Eastern challenger
Questions have been asked as to whether OEMs have a place in the charging market
US automaker GM has a commitment with its partner EVgo to make available more than 2,700 fast-charging stations by the end of 2025, alongside working with other EV charging providers to put c.80,000 stations where GM customers can charge on its apps. It also, of course, now has access to 12,000 of the supercharger stations of US OEM Tesla. And the firm covers domestic charging installation for qualifying buyers of its EVs.
Clearly, as GM CEO Mary Barra made clear on a June Twitter discussion with Tesla CEO Elon Musk, the firm values “robust” — an adjective Barra repeated in the conversation — EV charging solutions to help drive adoption of EVs. But there remains a certain scepticism about whether OEMs in general should be expending bandwidth and capital in the charging sector.
The Japanese OEM is keen to explore the business case for the alternative to charging
The European platform has big ambitions stateside
The US OEM is expecting a significant transformation in its all-electric business going forward
Insider Focus LTD (Company #14789403)
