On June 9th, General Motors announced that it will adopt Tesla’s North American charging standard along with Ford. According to the agreement reached by both parties, General Motors electric vehicle users will be able to directly use Tesla’s charging network in the future.
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General Motors (GM) announced that Tesla has agreed to open up 12,000 of its Supercharger stations to GM customers starting next year. As GM currently uses a different charging port, current owners will need an adapter to access Tesla’s charging network. However, from 2025, GM’s electric vehicles will be compatible with Tesla’s charging interface.
GM CEO Mary Barra said that providing Tesla Supercharger services to customers will accelerate the adoption of electric vehicles. Future models using Tesla’s charging interface “could help push the industry towards a single North American charging standard.” GM expects the collaboration to save the company nearly $400 million in expenses.
Tesla CEO Elon Musk said that consumers can now confidently buy either a Tesla or a GM vehicle.
Following this news, the stock prices of both Tesla and GM rose more than 4% in after-hours trading. Tesla’s stock price eventually closed at $234.86, up 4.58%, marking its tenth consecutive trading day of gains, the longest streak since January 2021.
According to previous reports, Ford had previously reached an agreement with Tesla to allow its customers to use over 12,000 Tesla Supercharger stations in the United States and Canada. Thus, the three major electric vehicle manufacturers in the North American market have reached a consensus on charging hardware standards.
