Volkswagen Will Use Tesla Batteries at U.S. Car-Charging Stations

Volkswagen Will Use Tesla Batteries at U.S. Car-Charging Stations

(Bloomberg) -- Tesla Inc.’s battery systems will be installed at more than 100 electric-vehicle U.S. charging stations this year.

Electrify America, created by Volkswagen AG as part of a settlement from the automaker’s emissions-cheating scandal, said in an emailed statement Monday that it plans to add the Tesla Powerpack systems at charging stations across the U.S. through 2019. The 210-kilowatt battery systems will each have about about 350 kilowatt-hours of capacity. Terms of the deal weren’t disclosed and a Tesla spokesman declined to comment.

Tesla Buying Battery Firm for $218 Million to Speed Charging

Tesla is also taking steps to enhance the energy systems in its cars. The company agreed to acquire battery-technology company Maxwell Technologies Inc. for about $218 million in stock, in a deal announced Monday. Maxwell’s lithium-ion capacitors may assist with faster car-charging capability.

Electrify America plans to invest $2 billion to support of zero-emission vehicles in the U.S., under a court settlement.

©2019 Bloomberg L.P.

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