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Stock impact report

Ionity plans 400 electric car charging stations in Europe by end-2020 [Reuters (UK)]

Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B) 
US:NYSE Investor Relations: shell.com/investors.html
Company Research Source: Reuters
Ionity plans 400 electric car charging stations in Europe by end-2020 | Reuters 2 Min Read STUTTGART, Germany (Reuters) - Ionity, the European electric vehicle charging joint venture of Volkswagen, BMW, Daimler and Ford, is on track to install 400 loading stations in Europe by end-2020 and has plans for more. Ionity, which is not yet profitable, aims to install the 400 charging stations by the end of next year, with each having about 6 individual loading spots. It has so far installed 63 stations, with a further 52 under construction. The group specializes in ultra high-speed charging along European motorways to try to address the issue of range, which along with price, is still seen as a reason for why demand for electric vehicles has been subdued so far. “There’s a lot of momentum, activity will be high,” Ionity Chief Executive Michael Hajesch told reporters late on Wednesday. “The expansion plans are currently being prepared,” he added. This could include more and bigger charging s Show less Read more
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