Automakers sign MoU to create highest-powered charging network in Europe
In a recent announcement, a few bigwig automakers have revealed that they have signed a Memorandum of Understanding (MoU) for building the highest-powered charging network in Europe.
The automakers that have signed the MoU include BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with Audi and Porsche.
The key objective behind the move is to enable long-range travel for battery electric vehicle drivers by building up a substantial number of high-powered charging stations in a short span of time. The move marks a noteworthy advance towards facilitating an increased adoption of battery electric vehicles.
The ultra-fast charging network which the automakers plan to create will be based on Combined Charging System standard technology; and will boast the capability to offer power levels up to 350 kilowatt. As such, the projected network will be considerably faster than the most powerful charging systems which have been currently deployed.
The buildup of the ultra-fast charging network is planned to commence in 2017; with a projected initial target of deploying high-powered charging points at approximately 400 sites in Europe.
The International Monetary Fund (IMF) has predicted US and UK economies will experience weaker-than-expected activity and expand more slowly this year than previously predicted.
The European Commission has confirmed that EU antitrust regulators are probing allegations of a cartel among a group of German carmakers, in an action that could result in bulky penalties for the companies.
Tesla Motors’ long-awaited Model 3 will be a “major test” for the Palo Alto-based electric car giant, according to industry analysts.
Hitting a potential milestone in the ongoing cleanup of one of the world’s worst atomic disasters, Japan has captured images of melted nuclear fuel inside the reactor 3 at the Fukushima No. 1 power plant.
Verizon Wireless has announced that it has been “optimizing” video apps on its mobile network, an admission made after several subscribers complained that their mobile data speeds were being throttled whenever they streamed videos on YouTube or Ne
The Federal Trade Commission (FTC) has confirmed that it has launched an investigation into allegations of tech giant Amazon’s misleading pricing discounts.