Ford (F) to add 15k Tesla (TSLA) superchargers

Ford Motor (NYSE: F) announced Monday that the Detroit automaker will add north of 15,000 Tesla (NASDAQ: TSLA) Superchargers to the company’s electric vehicle charging network, up from its earlier projection of 12,000 chargers.

The Detroit automaker said it plans to increase the scope of its BlueOval Charge Network in North America by 25%, bringing the total number of chargers to over 106,000.

Details on pricing for the deal were not disclosed.

The increased availability of charging stations will offer some relief to EV owners who have long viewed limited charging access as a significant barrier to buying an electric car.

Ford has announced the inclusion of three additional charging providers, namely Francis Energy, Blink (NASDAQ: BLNK), and Red E, extending their services across the United States and Canada.

These three providers are expected to introduce more than 10,000 new chargers into the network, including more than 550 new DC fast chargers.

This expansion will also integrate charger routing directly into FordPass, enabling users to access services seamlessly with easy payment options.

This development follows Ford's months old agreement with Tesla, which is set to grant electric vehicle owners access to the largest network of high-speed Superchargers in the United States starting in early 2024.

This collaboration between the two automotive competitors also saw Ford become the first legacy OEM to embrace Tesla’s proprietary North American Charging Standard (NACS).

Shares of F and TSLA are down 1.76% and 3.93% in mid-day trading on Monday.

By Michael Elkins | [email protected]

You May Also Be Interested In

• Unifor starts contract talks with Ford for 5,150 workers
• Macquarie names this Japanese retailer as a top pick, doubles price target
• Bank First National Corp. (BFC) appoints three new directors to board