TOYOTA JOINS GROUP OF AUTOMAKERS TO HELP BUILD EV CHARGING NETWORK

Toyota has joined a group of major automakers to back electric vehicle charging firm, IONNA, which is building a high-powered EV charging network across North America, the companies said on Wednesday.

Seven large automakers, including Mercedes, GM, Stellantis, Honda, BMW and Hyundai-Kia formed IONNA as a joint venture last year to develop a fast-charging network that would compete with the Tesla Supercharger network. Toyota's investment in the JV will give Toyota and Lexus customers access to the public network of DC fast chargers IONNA will begin deploying later this year.

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