Volkswagen and Siemens invest in the growth of Electrify America

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A capillary charging network is; fundamental to push on the diffusion of electric cars . We have talked about this theme several times and already; we know that the Volkswagen Group is investing a lot of resources to contribute to the expansion of the battery car refueling infrastructure, not only in Europe and China but also in America, through collaboration with some partners. Now comes an interesting news; which concerns precisely the plans of the German Group to expand the charging network in America through the growth of Electrify America.

THE PROJECT

The Volkswagen Group has decided to sell a minority stake in Electrify America to Siemens . Together, the two companies will invest $ 450 million in Electrify America. As a result of this transaction, Siemens not only becomes a shareholder of this company & agrave; but it will be able to offer its technological skills. This investment will allow; to support the growth plans of the charging infrastructure in North America.

The goal is; to double the Electrify America infrastructure. Overall, the aim is to have 10,000 fast charging points in 1,800 locations by 2026. Siemens' investment strengthens the commitment to future collaboration between the parties on technologies and services that will foster the spread of reliable charging solutions. We remind you that Siemens eMobility offers a complete and state-of-the-art range of hardware, software and AC and DC charging services, ranging from residential to commercial to storage applications.

For the Volkswagen Group this investment is part of the NEW AUTO strategy. By 2025 & egrave; approximately 45,000 high-power charging points (HPCs) are expected to be installed in Europe, China and the United States. In Italy, for example, the German group is working with Enel X. Volkswagen's next step will be; the integration of electric cars into the energy system to feed the energy present in the batteries into the grid to balance it in peak moments.

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