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GM, BMW, Honda, Hyundai, Kia, Mercedes and Stellantis said Wednesday they build charging stations in urban areas and along travel corridors.

As Tesla moves into cutting deals with rivals for access to its charging network, several multinational automakers are teaming up to form their own charging consortium.

China, which has the largest charging network in the world, added 649,000 public chargers in 2022 alone, which is more than 70% of all installations done globally that year. Encouraged by all the progress made, EV makers have swarmed China with new models, and a price war has flared this year as companies try to get ahead of rivals.

The administration has set a goal for EVs or hybrids to account for half of the nation’s overall new car sales by 2030.

AB “Ignitis grupė” (hereinafter – Ignitis Group or the Group) informs that on 12 July 2023 the Management Board of the Group agreed to the decision of its subsidiary UAB “Ignitis” (hereinafter – Ignitis) for Ignitis and its subsidiaries in Latvia and Estonia to invest up to EUR 115 million over 3–5 years to develop the electric vehicle (hereinafter – EV) charging network in the Baltics. The main objective of the investment is acquiring EV charging stations in order to develop the charging networ