Volkswagen and Siemens Invest in Electrify America’s Ambitious Growth Plans

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Electrify America has its first external investor, Siemens. This is in addition to being a strategic technology partner. This step, in line with Volkswagen’s NEW AUTO Strategy, consistently accelerates the comfort, quality, and expansion of public charging infrastructures in the U.S.A and Canada.

Thomas Schmall is the Volkswagen Group Board Member for Technology, and CEO of Volkswagen Group Components. He says: “With our additional investments in Electrify America we are giving e–mobility in North America a boost and continuously growing our charging and energy business. The goal is to increase Electrify America’s charging infrastructure by more than doubling it to 1,800 locations and 10,000 quick chargers by 2026. Our electrification strategy to make charging easier is confirmed by Siemens’s investment. All EVs customers have access to energy solutions and other energy services throughout the country. Siemens, with its portfolio and expertise, is an important strategic partner in this journey.”

Veronika Bienert CEO of Siemens Financial Services stated that the strategic partnership with Electrify America represents one of Siemens largest investments in electrified transport. It aims to create a collaborative ecosystem that drives EV adoption across the United States. “Our unique ability to combine financial and technical knowledge helps Siemens fulfill its commitment to decarbonize key sectors, accelerate the shift towards sustainable mobility, as well as make it accessible to all.”

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The strategic partnership between Electrify America, Siemens and Siemens is represented by the investments made by Volkswagen Financial Services and Siemens Financial Services. First, the capital investment will help Electrify America accelerate its growth plans using technological advances in charging and energy solutions across commercial, public, and home markets. The second is that Siemens’ investment in Electrify America strengthens its commitment to future collaboration on technologies and services that will help expand high-quality and reliable charging solutions. Siemens eMobility is a full-service provider for e-Mobility charging infrastructure. It offers a wide range of high-quality AC and DC charging hardware and software, as well as services ranging from residential to commercial applications to depot applications.

NEW AUTO Bundles Group activities on charging infrastructures and energy services

The Volkswagen Group’s NEW AUTO strategy has made charging and electricity its core business. The company invests in developing a worldwide open fast-charging network, unlike any other car manufacturer. Around 45,000 High Power Charging points (HPCs) are planned for Europe, China, and the USA by 2025. This includes partners. This product range includes all the options for charging private customers and businesses, including a wall box and flexible fast charger station as well as charging services and smart green electricity tariffs. Volkswagen will next anchor the electric vehicle as a mobile power bank within the energy system, creating added value for customers.

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