MILAN — The Italian government aims to agree a broad plan to 2030 for the country’s automotive industry with Stellantis and other groups involved by the end of this year, industry ministry sources said.
Stellantis CEO Carlos Tavares and Industry Minister Adolfo Urso said last month they were working on a deal to increase the group’s annual automotive production in Italy to one million vehicles, without specifying a timeframe for the objective.
Urso, who initially said the deal could be
Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest EV rival, China’s BYD, has been stopped cold by increased scrutiny from New Delhi.
The result could be an opening for Tesla to negotiate terms for an entry to the world’s third-largest auto market without the competitive threat from BYD that it faces in other emerging markets such as Thailand.
“The future of who wins in India will have some bearing
Currently, lithium ion batteries in micromobility products, which are increasingly associated with deadly fires, are governed only by voluntary standards. From January 2021 through November 2022, at least 19 people were killed by micromobility fires or overheating incidents in the U.S. Thirteen people in New York City have died this year in lithium ion battery fires. The CPSC wrote a letter to more than 2,000 manufacturers and importers last December imploring them to comply with voluntary UL standards for battery
The joint venture is similar to Ionity, a charging network joint venture in Europe by BMW, Ford Motor Co., Hyundai, Mercedes and Volkswagen Group. Ionity’s scale is much smaller than the North American joint venture’s target. Ionity has about 2,600 chargers across 24 countries.
The goal to install 30,000 chargers across North America is a first step, analysts said, and it shows that automakers learned they need to collaborate.
Automaker CEOs emphasized the value of collaboration in their announcements. A
The automakers did not specify how much they would invest individually or collectively, but said they would be open to additional investment or participation from other companies, including outside the auto industry. A name for the venture was not announced.
Tesla, which accounted for more than 60 percent of U.S. EV sales last year, has the largest current network of fast-chargers with almost 18,000 Superchargers in the United States.
Tesla said earlier this year it would open part of that
Seven major automakers announced a plan on Wednesday to nearly double the number of fast chargers in the United States in an effort to address one of the main reasons that people hesitate to buy electric cars.
The carmakers — BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group and Stellantis — will initially invest at least $1 billion in a joint venture that will build 30,000 charging ports on major highways and other locations in the United States and
