Mercedes Announces Plan to Launch Vehicle-Charging Network

Mercedes-Benz is poised to invest billions of euros to build 10,000 fast-charging points in North America, Europe and China by 2030, the luxury carmaker said on Thursday.

The carmaker will commence construction in North America this year, targeting 2,500 charging points at 400 locations across most U.S. states and Canada by 2027, it said at the CES car show in Las Vegas which runs from Jan. 5-8.

It will split just over one billion euros ($1.06 billion) in investment required by 2030 for North America with Goldman Sachs spinoff MN8 Energy, a renewable energy producer and battery storage operator, and is partnering with charging network company ChargePoint for technological know-how.

Read the source article at finance.yahoo.com