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☆ Volvo Cars will use Tesla's Superchargers but not its autonomous driving tech. Its CEO explains why
▼ + stars: | 2023-07-21 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

Volvo Cars CEO Jim Rowan photographed in Nov. 2022. Volvo Cars does not plan to use autonomous driving technology from Tesla and will instead focus on developing its own systems, according to the company's CEO. Speaking to CNBC's "Squawk Box Europe" on Thursday morning, Volvo Cars chief Jim Rowan was asked whether this meant the business would consider using Tesla's autonomous driving tech in the future. "And we've chosen that we want to be in full control of our ADAS [advanced driver assistance systems], all the way up to full AD [autonomous driving] software," he added. In a sign of how the company's strategy is taking shape, Volvo Cars announced late last year that it had taken full ownership of Zenseact, a business specializing in AD software.

Persons: Jim Rowan, carmaker, Elon, Tesla, We've, Rowan Organizations: Volvo, Elon Musk's, Volvo Cars Locations: Gothenburg, U.S, Mexico, Canada

☆ Japan's Nissan to adopt Tesla EV-charging design from 2025 in U.S., Canada
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

July 19 (Reuters) - Nissan (7201.T) on Wednesday became the first Japanese automaker to agree to adopt Tesla's (TSLA.O) electric-vehicle charging technology in the U.S. and Canada, joining global peers in expanding their fast-charger network to boost EV adoption. Starting in 2025, Nissan will equip its EVs with the Tesla-developed North American Charging Standard (NACS) port, as it targets 40% of U.S. vehicle sales to be fully electric by 2030, the company said. The White House has said electric-vehicle charging stations using Tesla-standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. From 2024, Nissan will provide NACS charging adapters with its Ariya EV models currently equipped with CCS to enable them to charge on Tesla's Supercharger network. Reporting by Shivansh Tiwary in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Biden, Shivansh, Devika Organizations: Nissan, Wednesday, Ford, General Motors, CCS, U.S . Department of Energy, Thomson Locations: U.S, Canada, United States, Bengaluru

☆ How much does it cost to charge a Tesla battery?
▼ + stars: | 2023-07-13 | by ( Graham Rapier | ) www.businessinsider.com time to read: +4 min

Before deciding to purchase a Tesla, many consumers will need to know: "How much will it cost to charge this thing?" It all depends on the Tesla model you buy and where you decide to plug in, but charging a Tesla generally costs significantly less than refueling a gas car. How much does it cost to fully charge a Tesla at a charging station? At these rates, the cost of charging a Tesla is about three times cheaper per mile than the cost of fueling a gas-powered car. The cost of charging a Tesla is more than three times cheaper per mile than the cost of fueling a gas-powered car.

Persons: Tesla Superchargers, Tesla, you'll Locations: Tesla's

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nio, Tesla, Netflix, JPMorgan, Amazon & more
▼ + stars: | 2023-07-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Nio as overweight Morgan Stanley said it thinks the electric vehicle company's stock will begin to gain traction. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley reiterated Microsoft as a top pick and said it has "compelling positioning." Baird reiterates Tesla as outperform Baird said it's bullish on the company's supercharger opportunity. Cowen reiterates Netflix as outperform Cowen said it's standing by its outperform rating on the stock heading into earnings next week. Truist upgrades Scotts Miracle-Gro to buy from hold Truist said in its upgrade of Scotts that the pandemic hangover is finished.

Persons: Morgan Stanley, Nio, KeyBanc, –, Baird, Tesla, it's bullish, Cowen, it's, Piper Sandler, Piper, Wells, Uber, Evercore, Netflix Evercore, Argus, Generac, Canaccord, Canacccord, Newell, Wolfe, Jefferies, TOST, JPM, Goldman Sachs, Goldman, TD Cowen, Truist Organizations: Microsoft, CIO Survey, Netflix, TikTok, IG, Mobile, UBS, Commercial Metals, Commercial Metals Company, Amazon, Industrial, Newell Brands, destocking, Citi, Hewlett Packard Citi, HP Inc, Apple, Jefferies, JPMorgan, Bank of America, underperform Bank of America, Bancorp, of America, US Bancorp, JetBlue, Alliance, . Carriers, Target, Scotts Miracle, Gro, " Bank of America, American Express Locations: Wells Fargo, Underperform, Scotts

☆ How long does it take to charge a Tesla?
▼ + stars: | 2023-07-09 | by ( Graham Rapier | ) www.businessinsider.com time to read: +5 min

You can either charge your Tesla at home, use one of their Superchargers, or a Destination charger. Tesla recommends plugging in your car overnight while you sleep to top off the battery and charging up to 90%. The carmaker claims the Tesla Model S can add 200 miles of range in just 15 minutes using one of the company's most powerful Superchargers. Model 3 and X can add 175 miles in 15 minutes at a Supercharger and Tesla Model Y can add 162 miles in 15 minutes. How long will a Tesla go on a full charge?

Persons: Tesla Organizations: Tesla, Destination Chargers, Chargers Locations: Tesla's

☆ Mercedes-Benz to adopt Tesla’s EV charging standard in North America
▼ + stars: | 2023-07-08 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

The German luxury automaker will fully integrate what Tesla calls the North American Charging Standard (NACS) in its electric vehicle line-up, it said on Friday. In November, Tesla CEO Elon Musk invited other EV makers to build vehicles that could use Tesla charging ports. In May, Ford (F) announced its vehicles will gain access to Tesla’s vast EV charging network. “With the development of Mercedes-Benz’s new North American High-Power Charging Network, we are ready to redefine the electric vehicle charging experience,” Andrew Cornelia, CEO of Mercedes-Benz HPC North America said in a statement. CCS chargers are used by most other EV makers, including General Motor, Audi, and Rivian, but Tesla’s charging stations outnumber CCS stations in the United States.

Persons: New York CNN — Mercedes, Tesla, superchargers, Mercedes, Elon Musk, “, ” Andrew Cornelia, it’s Organizations: New, New York CNN, Benz, American, EV, Tesla, Ford, GM, Mercedes, America, General Motor, Audi Locations: New York, North America, Europe, China, California, United States

☆ Mercedes-Benz picks Tesla's charging standard for North America EVs from 2025
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

The company joins American rivals Ford (F.N) and General Motors (GM.N) to adopt the North American Charging Standard (NACS) as they try to expand their network of fast-chargers in an attempt to make owning EVs easier. Mercedes-Benz will be the first German automaker to sign up for Tesla's charging design for its North American customers. Mercedes-Benz will initially offer an adapter that would help its existing EVs with the Combined Charging System in North America to charge on the NACS network from 2024. It also plans to simultaneously expand its charging network with more than 400 charging hubs, including over 2,500 high-power chargers in North America by the end of the decade. Tesla, meanwhile, has expanded beyond its connectors to include CCS at some of its U.S. charging stations as the Biden administration seeks to provide billions in subsidies to expand charging networks.

Persons: Tesla, Biden, Shivansh, Arun Koyyur Organizations: Benz, Ford, General Motors, American, Mercedes, North, Volkswagen, CCS, U.S . Department of Energy, Thomson Locations: North America, United States, Bengaluru

☆ What Ford's buoyant quarterly sales reveal about progress toward its ambitious EV goals
▼ + stars: | 2023-07-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Electric vehicle sales fell 2.8% to 14,843 in the second quarter. It's worth noting that Ford EV sales are up 11.9% year to date, and total sales of more than 1 million vehicles in 2023 rose 10%. Despite solid quarterly sales, shares of Ford dropped more than 2.5% to just under $15 each. General Motors (GM) on Wednesday said total second-quarter U.S. auto sales increased by nearly 19% to 691,978. However, GM's electric vehicle sales in Q2 dropped 32% to 15,652.

Persons: Ford, it's, Tesla, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Christopher Furlong Organizations: Ford, General Motors, Monday, EV, Federal, Energy Department, CNBC, Getty Locations: U.S, Canada, EVs, Halewood, England

☆ Elon Musk convinced the industry to charge cars his way and Tesla owners are the biggest winners
▼ + stars: | 2023-07-04 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +4 min

But actually, Tesla drivers are likely to have more places to juice up going forward. Tesla drivers are about to have a lot more places to plug in. Naturally, some Tesla owners are worried about sharing space at Supercharger stations — the primary longtime differentiator between Tesla and other EV makers — once Ford and GM EV drivers get access. The auto industry has struggled for years to agree on a standard for EV charging, and it appears Tesla is finally winning the battle. "Now, it's going to make a lot more sense for Tesla to roll out charging stations that much faster throughout the country."

Persons: Tesla, Loren McDonald, McDonald, Cathie, Wood, It's Organizations: Ford, GM EV, Elon Musk's, EV, GM, Ark Invest, CNBC Locations: Elon, North America, America

☆ Exclusive: EV charging firms oppose Texas' 'premature' plan to mandate Tesla standard -letter
▼ + stars: | 2023-07-01 | by ( Abhirup Roy | ) www.reuters.com time to read: +3 min

Reuters reported last week that Texas would require charging companies to include both Tesla's North American Charging Standard (NACS) as well as the nationally recognized rival Combined Charging Standard (CCS) technology to be eligible for a state program to electrify highways using federal dollars. Tesla, the dominant EV maker in the United States, has scored a string of victories for its charging technology in recent weeks, starting with Ford Motor (F.N) saying it would adopt NACS. General Motors (GM.N), Rivian Automotive (RIVN.O) and a raft of auto and charging companies did the same, on concerns of losing out on customers if they offer only CCS. But concerns remain about how smoothly the two charging standards would talk to each other and whether having both standards in the market would raise costs for vendors and customers. Charging companies have to re-work several aspects of NACS connectors, including extending the cable length and ensuring adequate temperature ranges, as well as get certifications for specific parts, the companies said in the letter.

Persons: Elon Musk's, FLO, Tesla, Abhirup Roy, Sayantani Ghosh, Leslie Adler Organizations: FRANCISCO, Reuters, Washington, SAE, ChargePoint Holdings, ABB, Texas Transportation Commission, The Texas Department of Transportation, ChargePoint, Affordable Clean Energy, Ford Motor, General Motors, Rivian Automotive, Tesla's, U.S . Department of Energy, Thomson Locations: Texas, United States, San Francisco

☆ Exclusive: EV charging firms oppose Texas' 'premature' plan to mandate Tesla standard, letter shows
▼ + stars: | 2023-06-30 | by ( Abhirup Roy | ) www.reuters.com time to read: +3 min

☆ Volkswagen in talks with Tesla to adopt its charging standard
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Volkswagen (VOWG_p.DE) is in talks with Tesla (TSLA.O) to adopt its North American Charging Standard (NACS), joining a slew of automakers and charging equipment makers that are choosing the technology. "Volkswagen Group and its brands are currently evaluating the implementation of the Tesla North American Charging Standard (NACS) for its North American customers," the German automaker said. Electrify America, its EV charging network unit, has more than more than 850 charging stations with about 4,000 chargers in the United States and Canada. Tesla, meanwhile, has expanded beyond its connectors to include CCS at some of its U.S. charging stations as the Biden administration seeks to provide billions in subsidies to expand charging networks. The EV maker's Superchargers account for about 60% of the total number of fast chargers in the United States, according to the U.S. Department of Energy.

Persons: Tesla, Biden, Polestar, Akash Sriram, Nathan Gomes, Shinjini Ganguli, Arun Koyyur Organizations: Ford, General Motors, Volkswagen Group, Tesla, North, EV, Volkswagen, CCS, maker's, U.S . Department of Energy, Thomson Locations: America, United States, Canada, Swedish, Bengaluru

☆ Polestar to adopt Tesla's supercharger network in the US, Canada
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Swedish electric vehicle (EV) maker Polestar said on Thursday it has signed an agreement with Tesla (TSLA.O) to adopt the EV maker's Supercharger network in the United States and Canada. Starting 2025, new Polestar vehicles sold in North America will be equipped with Tesla's North American Charging Standard (NACS) charging port by default, the company said. The deal comes days after Swedish carmaker Volvo Cars (VOLCARb.ST) said all its electric vehicles (EVs) will have access to Tesla's Supercharger network in the U.S., Canada and Mexico. Tesla's Superchargers account for about 60% of the total number of fast chargers available in the United States, according to the U.S. Department of Energy. Reporting by Tiyashi Datta in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Polestar, Tesla's, Biden, Tiyashi Datta, Pooja Desai Organizations: Tesla, Volvo, General Motors, Rivian Automotive Inc, CCS, U.S . Department of Energy, Thomson Locations: Swedish, United States, Canada, North America, U.S, Mexico, California, Bengaluru

☆ Volvo EVs to now have access to Tesla superchargers
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Swedish carmaker Volvo Cars (VOLCARb.ST) said on Tuesday it had signed an agreement with Tesla (TSLA.O) to give its electric vehicles (EVs) access to the EV maker's Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla's North American Charging Standard (NACS), adding to the slew of EV makers and charging equipment manufacturers taking up the technology. Tesla's Superchargers account for about 60% of the total fast chargers available in the United States, according to the U.S. Department of Energy. Its recent deals represent major strides in displacing rival standard CCS that earlier exclusively had the backing of President Joe Biden's administration. The government is offering $7.5 billion in funding to speed the deployment of EV chargers in the United States.

Persons: Joe Biden's, Akash Sriram, Maju Samuel Organizations: Volvo, Tesla, EV, Rivian Automotive Inc, General Motors, U.S . Department of Energy, Thomson Locations: Swedish, United States, Canada, Mexico, California, Bengaluru

☆ Volvo just became the latest EV maker to move to Tesla's charging standard
▼ + stars: | 2023-06-27 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Volvo will add the locations of Tesla charging stations to its proprietary app at the same time. Most non-Tesla EVs and charging stations in the U.S. use a rival plug design, the public-domain Combined Charging System standard. Tesla's NACS charging plug design was proprietary until late last year, when Tesla published the technical details of its system and said anyone could adopt the standard. Several studies have found that CCS charging networks have much lower reliability than Tesla's network. In addition, the CCS fast-charging plug is larger and heavier than Tesla's NACS plug, making it cumbersome for older or disabled drivers to use.

Persons: Volvo's, Tesla, Jim Rowan Organizations: Volvo Cars, North America, Tesla, American, Ford Motor, General Motors, Hyundai, Chrysler, Volvo, Detroit automakers, CCS, ABB Locations: U.S, Swedish, North, North America

☆ Ford apparently expected a stampede of customers after its Tesla deal, and tripled its stock of Mustang Mach-Es in a single month
▼ + stars: | 2023-06-22 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

After Ford signed a deal to get its owners access to Tesla charging, it increased Mach-E inventory. Ford tripled its advertised inventory of the Mach-E electric SUV to a total of 11,000 cars, according to S&P Global Mobility. Experts say this is a sign Ford is optimistic about the Tesla partnership boosting demand. Ford aggressively grew its stock of Mustang Mach-E electric vehicles after signing a groundbreaking deal with Elon Musk giving its customers access to Tesla charging stations, according to S&P Global Mobility. Bolstering Mach-E inventory might be Ford's way of "perhaps maximizing the marketing impact of its shared-charger arrangement with Tesla," the S&P Global Mobility note said.

Persons: Ford, Elon Musk, Tesla, Ford's Organizations: P Global Mobility, Elon, Ford, P Global, P, EV, GM

☆ Tesla is removing one of the last barriers to EV ownership
▼ + stars: | 2023-06-22 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The Tesla Supercharger network could remove the last barrier to EV ownership. Long-standing barriers to EV ownership like battery range and price are finally being addressed, leaving one last obstacle for many would-be EV-owners: access to public fast-charging stations. Tesla has the largest fast-charging network in North America, with about 20,000 Superchargers that previously only connected to Tesla vehicles. A recent study of EV infrastructure done by iSeeCars found that of the 150,000 EV chargers in the US, only about 30,000 are fast chargers (including the Tesla Supercharger network). Only about 11,000 of those fast chargers are non-Tesla chargers so opening up the Supercharger network does make a difference – but doesn't solve the problem.

Persons: Tesla, Long, Karl Brauer, We've, Brauer, iSeeCars, Rivian, Dan Ives Organizations: EV, Morning, Ford, GM, Tesla EV, Tesla Locations: North America

☆ Tesla stock is on track for the biggest 2-month surge since 2020 as the EV maker bags more charging deals
▼ + stars: | 2023-06-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Tesla stock is on track for the biggest two-month rally since 2020 as the company secures more charging deals. The shares have surged almost 60% since end-April, buoyed by the EV maker' collaborations with GM, Ford, and Rivian. Tesla also bagged another win after Texas approved the company's charging plugs as the state's industry standard. Simultaneously, Texas said it would mandate Tesla's charging plugs as the standard for the state's electric vehicle charging companies, according to Reuters. In recent weeks, the carmaker announced partnerships with General Motors and Ford, allowing both companies to use Tesla's charging stations by 2024.

Persons: Tesla, —, Elon, Rivian, RJ Scaringe, Dan Ives, bullishness Organizations: GM, Ford, Texas, Service, EV, Tesla, American, Adventure, Reuters, General Motors, Federal Reserve Locations: , Texas, China

☆ EV maker Rivian to adopt Tesla's charging standard
▼ + stars: | 2023-06-20 | by ( Abhirup Roy | ) www.reuters.com time to read: +4 min

SAN FRANCISCO, June 20 (Reuters) - Electric vehicle maker Rivian (RIVN.O) said on Tuesday it has agreed to adopt Tesla's (TSLA.O) charging standard, giving Rivian customers access to the biggest U.S. charging network and adding momentum to Tesla's bid to set the industry standard. Rivian also said it will make a Tesla-style charging port standard on its vehicles starting in 2025. While other automakers get access to Tesla's charging network, Tesla stands to profit from selling power to a bigger group of electric vehicle drivers. Tesla's charging standard had been proprietary until November, when it made the design and specifications public and rebranded the technology as the North American Charging Standard (NACS). "It's great to see the industry coming together to adopt the North American Charging Standard," Tesla's senior director of charging infrastructure, Rebecca Tinucci, said in a statement.

Persons: Rivian, Tesla, paring, Dan Ives, Tesla's, Mike Blake, RJ Scaringe, Joe Biden's, Rebecca Tinucci, Abhirup Roy, Akash Sriram, Kevin Krolicki, Will Dunham, Stephen Coates Organizations: FRANCISCO, General Motors, Ford, carmaker, EV, Wedbush Securities, Reuters, U.S . Department of Energy, REUTERS, Mike Blake Services, American, ABB, America, Toyota, Nissan, Thomson Locations: United States, Canada, Irvine , California, Carlsbad , California, U.S, Swiss, China, Japan, San Francisco, Bengaluru

☆ Exclusive: EV maker Rivian to adopt Tesla's charging standard
▼ + stars: | 2023-06-20 | by ( Abhirup Roy | ) www.reuters.com time to read: +4 min

REUTERS/Mike BlakeSAN FRANCISCO, June 20 (Reuters) - Electric vehicle maker Rivian (RIVN.O) said it has agreed to adopt Tesla's (TSLA.O) charging standard, giving customers access to the biggest U.S. charging network and adding momentum to Tesla's bid to set the industry standard. While other automakers get access to Tesla's charging network, Tesla stands to profit from selling power to a bigger group of electric vehicle drivers. Tesla's charging standard had been proprietary until November, when it made the design and specifications public and rebranded the technology as the North American Charging Standard (NACS). "It's great to see the industry coming together to adopt the North American Charging Standard," Tesla's senior director of charging infrastructure, Rebecca Tinucci, said in a statement. China, the world's largest market for electric vehicles, has its own charging standard.

Persons: Mike Blake, FRANCISCO, Rivian, Tesla, Tesla's, RJ Scaringe, Biden, Rebecca Tinucci, Abhirup Roy, Kevin Krolicki, Stephen Coates Organizations: REUTERS, General Motors, Ford, carmaker, U.S . Department of Energy . Services, American, ABB, America, Toyota, Nissan, Thomson Locations: Carlsbad , California, U.S, United States, Canada, Irvine , California, Swiss, China, Japan, San Francisco

☆ The future of travel: 10 concepts that will change the way we experience the world
▼ + stars: | 2023-06-20 | by ( Kate Springer | ) edition.cnn.com time to read: +22 min

Concepts that feel plucked from sci-fi novels and films are quickly making their way into mainstream travel, shaping every step of the journey. Seamus PayneLike air travel, eco-conscious hotels are paving the way for more sustainable travel in the future. HyperloopTTUS entrepreneur Elon Musk has been talking about hyperloop technology – an ultra-high-speed transport system in a low-pressure vacuum tube – for years. Meanwhile, Toronto-based TransPod hopes to bring hyperloop technology to Canada with its eponymous tube-based transportation system powered by renewable energy. By 2025, the company plans to build a 620-mile-per-hour TransPod link between Calgary and Edmonton, connecting the two cities in 45 minutes.

Persons: Elijah Nouvelage, Indira Gandhi, Paris Charles de Gaulle, Austin Farmer, we’ll, don’t, David ”, you’ll, Alexander the Great, ” Michael Breer, KAWS, collectables –, Breer, ” Breer, You’ve, ” Jetson, Peter Ternstrom, Apollo, Cruise, ”, what’s, Boom’s, –, Seamus Payne, room2, Marcel Breuer, Tesla, charades, Yusaku Maezawa, Elon Musk, hyperloop, Virgin Hyperloop, HyperloopTT, Hardt Hyperloop Organizations: CNN, Travel, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Getty, Dubai International Airport, Hong Kong International Airport, Indira, Indira Gandhi International, European Union, Emirates, Dubai International, American Airlines, United, Delta, Bluetooth, Alaska Airlines, Lufthansa, Qatar Airways, Specterras Productions, CNN Travel, VR, Aircraft, Federal Aviation Administration, Baidu, Hyundai, Las, CNN Travel ., Alphabet Inc, Beta, International Civil Aviation Organization, Alice, DHL, Air New, Concorde, Japan Airlines, Bauhaus, CEH Technologies, Origin, SpaceX, International Space, NASA, Galactic, Space Training Academy, Nastar Center, Boring Company, Virgin, Hyperloop Transportation Technologies, China Morning Post, China Aerospace Science, Industry Corporation, European Hyperloop Center Locations: Singapore, Dubai, Tokyo Narita, Tokyo Haneda, Delhi, London Heathrow, Paris, Dutch, Europe, Florence, Palmyra, Machu Picchu, New York, Ehang, China, Boston, Las Vegas, Motional, Phoenix, San Francisco, Los Angeles, North America, Austin, Beijing, Chongqing, Wuhan, Shanghai, Guangzhou, Mexico, Air New Zealand, Denver, New York City, Frankfurt, LA, Sydney, London, New Haven , Connecticut, Hungarian, Norway, Red, Saudi Arabia, Amsterdam, Chicago, Cleveland, Pittsburgh, Shanxi province, Netherlands, Toronto, Canada, Calgary, Edmonton

☆ Hyundai to consider joining Tesla's North American charging standard alliance
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 20 (Reuters) - Hyundai Motor (005380.KS) will consider making its vehicles more readily compatible with the charging standard Tesla (TSLA.O) is pushing for in North America, the South Korean automaker's CEO said on Tuesday. Tesla's Superchargers make up about 60% of available U.S. fast chargers and Ford (F.N) and General Motors (GM.N) have in recent weeks struck deals with Tesla to use its charging technology, now dubbed the North American Charging Standard (NACS). Jaehoon Chang, who is also Hyundai's president, said the company would consider joining the alliance of automakers shifting to Tesla's standard, but that it would have to determine that was in the interest of its customers. One issue, he said, is that Tesla's current network of Superchargers does not allow for the faster charging Hyundai's electric vehicles can achieve on other chargers. Hyundai's new electric cars, including the Ioniq 5, use an 800-volt electrical architecture to allow for faster charging, while Tesla's Superchargers operate at a lower voltage.

Persons: Tesla's Superchargers, Tesla, Jaehoon Chang, Chang, Tesla's, Biden, Hyunsu Yim, Kevin Krolicki, Jan Harvey Organizations: Hyundai, Korean, Ford, General Motors, American, U.S, Thomson Locations: SEOUL, KS, North America, U.S, Seoul

☆ Exclusive: Exclusive: EV maker Rivian to adopt Tesla's charging standard
▼ + stars: | 2023-06-20 | by ( Abhirup Roy | ) www.reuters.com time to read: +4 min

☆ Ford CEO says he didn't really hesitate on the Tesla deal: 'It's good for customers'
▼ + stars: | 2023-06-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer sat down with Ford CEO Jim Farley on Tuesday to discuss the company's earnings, future, electric vehicles, deal with Tesla and more at Ford's headquarters in Dearborn, Michigan. "I have no problem being opportunistic when it comes to advantaging my customers," Farley said. During negotiations, Farley said Tesla CEO Elon Musk was respectful, but "more because of Henry Ford than Jim Farley." The company split off its EV undertaking from the rest of its vehicles, and Ford now has three main sectors: Ford Blue for its conventional vehicles, Ford Model e for its EVs, and Ford Pro for its commercial vehicles. "We believe in American-made BlueOval city in Tennessee or Kentucky-built pick-up truck, EV pick-up truck, people will pay for that American technology."

Persons: CNBC's Jim Cramer, Jim Farley, Tesla, Farley, didn't, Elon Musk, Henry Ford, Ford Organizations: Ford, Ford Pro, United Auto Workers Locations: Dearborn , Michigan, Canada, America, Silicon, North America, Tennessee, Kentucky

☆ Analyst says this automaker could be next in line for a Tesla supercharger deal
▼ + stars: | 2023-06-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

TSLA GM,F 1M line General Motors also struck a similar deal with Tesla earlier this month. "By opening the charging infrastructure, that alleviates the main concern in the U.S., which is range anxiety. The de facto plug standard Narayan also said that such collaborations with Tesla could set a new standard in the automobile industry. Analysts have also suggested that any costs incurred by the carmakers for transitioning to Tesla's North American Charging Standard (NACS) plug standard will likely be immaterial, given the stakes. Since Nov. 2021, Tesla has opened its supercharger network in Europe, Australia, and China to non-Tesla vehicles.

Persons: Tesla, Tom Narayan, Ford, they're, Narayan, it's, Alex Vrabel, Mercedes Organizations: Chrysler, Peugeot, Maserati, RBC, Ford, General Motors, Detroit, GM, Motors, Tesla, CNBC, Toyota, Honda Civic, of, Global, BMW, Volkswagen Locations: U.S, United States, Europe, Australia, China

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