MADRID – The BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group announced on Friday a joint venture, Ionity, which will develop and implement a High-Power Charging (HPC) network for electric vehicles throughout Europe.
Under the joint venture agreement, a total of 400 HPC stations will be set up by 2020, which will make long-distance travel in electric cars easier and more attractive, the companies said in a statement.
Twenty charging stations will be opened this year as part of the Ionity’s network, most of them on major roads in Germany, Norway and Austria, at intervals of 120 kilometers (75 miles).
The companies aim to reach 100 stations within 2018, all of which will allow for cars from different manufacturers to be charged simultaneously.
The four car manufacturers have an equal stake in Ionity and have invited other car manufacturers to join the venture.
It is also holding talks with existing infrastructure initiatives and political institutions to expedite the creation of this trans-European charging network.
Each charging station will have a capacity of up to 350 kW per charging point and the network will use the European Combined Charging System, which is endorsed by the European Automobile Manufacturers’ Association and uses a combination of an AC connector with a DC option.
Ionity will be based in Munich, Germany, and Michael Hajesch will be the Chief Operating Officer of Ionity, with Marcus Groll as the Chief Operating Officer.