Volvo Joins Tesla's Charging Network In New Deal: WSJ
Portfolio Pulse from Benzinga Newsbot
Volvo Car has announced a deal to allow its electric car drivers to access Tesla Inc.’s network of 12,000 superchargers across the U.S., Canada, and Mexico. Volvo will equip its new cars with a North American Charging Standard (NACS) port from 2025, and current electric-car drivers will be able to access the Tesla network from the first half of 2024 with an adaptor. This follows similar agreements by Ford Motor and General Motors with Tesla.
June 28, 2023 | 12:51 pm
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Tesla's partnership with Volvo could increase the usage of its supercharger network, potentially generating additional revenue.
The deal with Volvo allows Tesla to expand the usage of its supercharger network, which could lead to increased revenue from charging services. This could positively impact Tesla's stock in the short term.
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