GM to join Tesla’s EV charging network to move closer to U.S. industry standards

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General Motors Co. will follow Ford Motor Co.’s lead by adapting its electric vehicles to Tesla Inc.’s supercharger and ensuring it becomes the industry standard in the United States. GM CEO Mary Barra broke her seven-month Twitter silence to make the announcement Thursday with Tesla CEO Elon Musk on Twitter Spaces, saying GM’s electric The car will get 12,000 superchargers.

go through: Bloomberg
| Updated on: June 10, 2023 at 13:29 pm

GM EVs to use 12,000 Tesla Superchargers across US

“This partnership is a key part of our strategy and an important next step in our rapid expansion of customer access to fast chargers,” Barra said in a statement. “Not only will it help our customers transition to electric vehicles more seamlessly, But it could help push the industry toward a single North American charging standard.”

GM shares rose more than 5 percent in after-hours trading in New York. Tesla also rose 2.7 percent on the news.

Tesla’s network will be available to GM EV drivers starting in 2024 and will require an adapter. Beginning in 2025, GM will produce electric vehicles with ports that connect directly to Tesla Superchargers.

Ford CEO Jim Farley made a similar announcement on Twitter Spaces last month, pushing the auto industry toward a single charging standard.

Shares in rival charging network operators fell sharply on the news, with ChargePoint Holdings Inc. down 0.4 percent and EVgo Inc. down 3 percent.

First published date: Jun 10, 2023 at 13:29 PM CST

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