Mercedes-Benz, MN8, and ChargePoint are joining forces to install 400 fast electric vehicle charging hubs across the US in a major bid to boost EV sales and improve the nation’s struggling EV charging infrastructure. The project will cost approximately €1 billion ($1 billion), which will be split 50-50 between Mercedes and MN8.
Starting this year, the companies will begin the work to construct hundreds of new hubs, which will include more than 2,500 DC fast charging plugs. MN8 Energy, an offshoot of Goldman Sachs Asset Management focused on solar power and energy storage, will help finance the project using ChargePoint’s EV charging hardware and software, the companies said.
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