Breakingviews - Detroit wisely gives up to Tesla this time

and likely cementing the technology as the U.S. standard. The move smoothes the path for their burgeoning battery-powered divisions while ceding modest revenue to Elon Musk’s company. But the risk is that other more lucrative parts of their vehicles like entertainment on the dashboard will similarly be up for grabs.

Three designs for electric-car charging plugs have been dueling it out in North America. That’s a problem: Drivers need to be able to juice batteries reliably during long-distance trips. Rolling into a station with the wrong plug could sour a buyer on ditching gas guzzlers.accounts for 60% of U.S. and Canadian fast chargers, which quickly top up batteries. GM and Ford’s customers will now have access to the most widely deployed infrastructure.

But Detroit should be careful about giving too much away. There are many parts of their electric car beyond charging for which others are jostling. Apple

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Tesla to open charging network to GM next year; GM, Tesla shares rallyTesla Inc. has opened its fast-charging network to General Motors Co. electric vehicles, the companies said late Thursday, following a similar announcement...
Source: MarketWatch - 🏆 3. / 97 Read more »

GM's electric vehicles will gain access to Tesla's vast charging networkElectric vehicles made by General Motors will be able to use much of Tesla’s vast charging network starting early next year. In addition, GM will adopt Tesla’s connector, the plug that links an electric vehicle to a charging station. GM joins Ford in shifting its vehicles to about 12,000 of Tesla’s chargers, and both Detroit automakers are pushing to make Tesla’s connector the industry standard. GM CEO Mary Barra and her Tesla counterpart, Elon Musk, made the announcement during a Twitter Spaces conversation. Their discussion comes two weeks after Ford CEO Jim Farley joined Musk to announce that Ford’s electric vehicles would gain access to much of Tesla’s EV-charging network, the largest in the nation.
Source: mynbc15 - 🏆 262. / 63 Read more »