Skip to content
Tuesday 18 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,706.90
-0.12%
DAX
26,194.01
-0.55%
CAC 40
8,529.76
-0.58%
STOXX 50
6,486.10
-0.68%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 29 November 2016 9:31 am

Ford, BMW, Daimler and Volkswagen unveil a joint venture to charge up Europe’s electric car network

By: Rebecca Smith

Add as a preferred source on Google

Car giants have banded together to charge up Europe's major motorways in a joint venture aiming to accelerate the mass-market take-up of electric vehicles.

BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with its brands Audi & Porsche, have announced a joint venture to deploy a high-powered charge network for battery electric vehicles (BEVs). It will cover long-distance travel routes across Europe.

The companies have signed a memorandum of understanding with the goal of quickly building up a sizeable number of charging stations to pave the way for easy long-range travel for BEV drivers. The initial target is to have 400 European sites established so by 2020 drivers will have access to thousands of charging points. 

Read more: Jaguar wants to build its electric car in the UK – creating 10,000 jobs

The projected charging network with power levels up to 350 kW will be "significantly faster" than the most powerful system currently deployed, with the build-up planned to start next year.

The companies are envisaging the charging experience to one day become as convenient as simply refuelling at a traditional petrol station.

"The joint project is another major milestone clearly demonstrating that competitors are combining forces to ramp up e-mobility," said Harald Krüger, chairman of the board of management of BMW AG.

"A reliable ultra-fast charging infrastructure is important for mass consumer adoption and has the potential to transform the possibilities for electric driving," said Mark Fields, president and chief executive of Ford.

The network will be based on the so-called combined charging system (CCS) technology, enhancing existing AC and DC charging standards.

Read more: Here's everything you need to know about Jaguar's new electric car

The founding companies will be equal partners in the venture, but are encouraging other car manufacturers to participate in the network too.

The announcement comes with a flurry of activity in the electric car market of late. Just last week Jaguar Land Rover announced it was building its very first electric car in the UK, and will likely create thousands of jobs in the process. And Toyota has created a new in-house company responsible for developing electric vehicles.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Trending Articles

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

  • US bond market jitters spark UK economy recession warning

  • Aldi boss wades into supermarket ‘price-gouging’ row

  • Monzo chair makes early exit after boardroom rift

  • New Premier League rules could see £11bn invested into new stadiums

More from Morning Wire

  • New BMW X5 gets diesel, hybrid, electric and hydrogen versions

    Motoring
    BMW X5 driving on a coastal road with mountains and ocean in the background, showcasing its sleek design.
  • Britain set to miss net-zero car targets despite record electric vehicle sales

    Transport & Infrastructure
    Electric vehicle charging station with multiple charging ports and cars plugged in, promoting sustainable transportation s...
  • Lexus ES 350e Review: Is this the best electric executive car?

    Motoring
    Lexus ES350e electric car in light blue, parked on a paved driveway in front of a stone building.
  • Renault Scenic E-Tech 2026 review: An electric SUV for our times

    Life&Style
    Renault Scenic E-Tech showcasing sleek design and advanced features in latest tech review
  • New BMW M3: why the next one arrives as both a 1,000bhp EV and a petrol straight-six

    Sponsored
    BMW M Series car showcasing sleek exterior design with a low front angle, emphasizing its sporty and luxurious appeal.
  • EV targets set to be watered down

    Transport & Infrastructure
    Car bodies on an assembly line in a UK car plant, showcasing EV manufacturing process
  • Renault 5 E-Tech 2025 three month review – first impressions

    Life&Style
    Renault 5 E Tech 2025 model showcasing sleek design and innovative technology in the automotive industry news update
  • CapVest Completes Acquisition of TSG

    Business Wire
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook