🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Mercedes-Benz unit partners with Starbucks for fast-charging stations in US

Published 07/17/2024, 08:02 AM
Updated 07/17/2024, 08:06 AM
© Reuters. FILE PHOTO: A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch/File Photo
SBUX
-
MBGAF
-

(Reuters) - A Mercedes-Benz (OTC:MBGAF) unit said on Wednesday it had partnered with Starbucks (NASDAQ:SBUX) to deploy its fast-charging stations at more than 100 locations across the United States.

The first phase of the program will have 400 kW EV chargers at Starbucks stores along Interstate 5, a west coast travel corridor spanning from Canada to Mexico, according to Mercedes-Benz High-Power Charging.

The Mercedes unit opened its first charging site in 2023, as part of an initial $1 billion investment.

© Reuters. FILE PHOTO: A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch/File Photo

Since its launch, the charging network has opened a dozen locations across Texas, Alabama, Georgia, Florida, South Carolina, Tennessee and Kentucky.

There are plans for the network to expand to nearly half of the states in the country over the next 12 to 18 months, and is expected to include around 10,000 charging points in the United States, Europe, China and other core markets by the end of the decade.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.