Stellantis (STLA) launches new EV charging service, aims to relieve 'charging anxiety'

Franco-American automaker and Jeep parent company, Stellantis (NYSE: STLA) launched 'Charging & Energy' business unit Free2move Charge on Tuesday, with the aim to make it easier to keep electric vehicles on the road and cash in on an expanding range of services around greener mobility.

The unit will provide customers with services including access to over 500,000 charging points in Europe "through partners" by the end of this year, the company said, as a still insufficient charging network across the industry created 'charging anxiety' for all drivers of electric vehicles.

The Free2move Charge "ecosystem" will also offer other services for private customers of Stellantis brands including support for home charging facility installation, and for businesses.

The carmaker, however, reiterated that it was still evaluating Tesla's charging standard (NASDAQ: TSLA) after “Big 3” rivals Ford (NYSE: F) and General Motors (NYSE: GM) signed deals to adopt the charger in North America.

"We look forward to discussing more of that soon," Ricardo Stamatti, senior vice president of the new Charging & Energy Business Unit, said.

Shares of STLA are trading up 0.66% Tuesday Morning.

By Michael Elkins | [email protected]

You May Also Be Interested In

• Dodge and Under Armour Unleash a High-octane Collection
• Allegiant Travel gets majority consent in notes tender offer
• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ