Toyota Joins IONNA Charging Network, Collaborating Automakers Hold Nearly 43% Market Share
Toyota announced on July 11th that it has joined seven other car companies in investing in IONNA to jointly establish a charging network for high-power electric vehicles in North America.
Toyota announced on July 11th that it has joined seven other car companies in investing in IONNA to jointly establish a charging network for high-power electric vehicles in North America. The other seven car companies are BMW, General Motors, Honda, Hyundai, Kia, Mercedes Benz, and Stellantis, with a combined market share of approximately 43% for electric vehicles.
IONNA plans to deploy a public DC fast charging network later this year, with plans to install at least 30,000 charging stations in North America by 2030. It is reported that all charging stations of IONNA will include NACS and CCS connectors, which means they will be basically applicable to all electric vehicles on the market.
Toyota currently sells two electric vehicles, Toyota BZ4X and Lexus RZs, in the United States and Canada. Toyota recently announced plans to launch two new three row electric SUVs, both of which will be assembled in the United States. By 2030, the company plans to sell at least 30 electric vehicle models under the Toyota and Lexus brands, and increase the annual production of electric vehicles to 3.5 million units.
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