Volkswagen and Siemens Invest in US EV Charging

Volkswagen and Siemens are investing heavily to in an attempt to advance adoption of EVs in the US by creating an adequate charging infrastructure.

The pair are committing $450M investment in charging company Electrify America in a bid to creating the North America’s largest public ultra-fast charging network for EV from all manufacturers. With Siemens, Electrify America receives its first external investor as well as an important strategic technology partner.

The capital investment will support Electrify America’s accelerated growth plans through technological advancements in charging and energy solutions across public, home and commercial offerings. It will also strengthen the commitment to future collaboration between the companies on technologies and services hoping to drive the expansion of high-quality, reliable charging solutions. Currently Siemens eMobility offers the full spectrum of AC and DC charging hardware, software and services from residential to commercial to depot applications.

At the same time, Volkswagen’s New Auto strategy bundles group activities on charging infrastructure and energy services. By 2025, around 45,000 High Power Charging (HPC) points are planned in Europe, China and the US together with partners. The product range also includes a range of charging solutions from the company’s own wallbox and flexible fast charging station to charging services and innovative, smart green electricity tariffs. In the next step, the automaker will anchor the EV as a mobile power bank in the energy system.

Thomas Schmall, Volkswagen Group board member for technology and CEO of Volkswagen Group Components, said: “With our additional investment in Electrify America, we are giving e- mobility in North America a further boost and consistently grow our charging and energy business. The plan is to more than double Electrify America’s charging infrastructure to 1,800 locations and 10,000 fast chargers by 2026. Siemens’ investment confirms our electrification strategy of making charging and energy solutions available nationwide – to customers of all EVs. With its expertise and portfolio, Siemens is an important strategic technology partner for us on this route.”

— Paul Myles is a seasoned automotive journalist based in Europe. Follow him on Twitter @Paulmyles_

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