By Giulia Petroni

Mercedes-Benz Group AG plans to build a global high-power charging network before the end of 2030, when it aims to go all-electric.

The German luxury-car maker on Thursday said the rollout will start this year in North America. This will entail an investment of just more than 1 billion euros ($1.06 billion) over the next six or seven years provided by Mercedes-Benz and MN8 Energy, a renewable-energy and battery storage owner-operator in the U.S.

Mercedes-Benz will eventually set up more than 10,000 high-power chargers across North America, Europe, China and other main markets by the end of the decade. The network will be accessible to other car brands with compatible technology.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

January 05, 2023 13:17 ET (18:17 GMT)

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