Project Description
European carmakers hope to catch Tesla with faster e-car chargers
FRANKFURT (Reuters) – Europe’s biggest carmakers are drawing on the full force of the continent’s industrial prowess to build a network of ultra-fast charging stations as they look to stoke demand for electric cars and break Tesla’s stranglehold on the market.
BMW, Volkswagen , Ford and Daimler plan to build about 400 next-generation charging stations in Europe that can reload an electric car in minutes instead of hours.
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The carmakers are roping in experts from the European power and engineering industry, including Germany’s Innogy, E.ON and Siemens and Portugal’s Efacec, which are all working on the technology, people familiar with the matter told Reuters.
By Christoph Steitz
