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 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.
--With assistance from Dana Hull.
To contact the reporter on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net
To contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Will Wade, Margot Habiby
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