GM, ChargePoint Team Up To Install Up to 500 EV Chargers

ChargePoint (CHPT) and General Motors (GM) are teaming up to install hundreds of new electric vehicle chargers, the companies announced Wednesday.

ChargePoint and GM said they will make and install up to 500 new EV chargers, which will be branded as GM Energy chargers, at a number of “strategic locations” across the U.S.

The new charging stations are expected to become available to the public by the end of next year.

More ‘Ultra-Fast Charging’ Coming for EV Owners

“Continuing to provide customers with better charging options helps to remove barriers to EV adoption and improve the ownership experience,” GM Energy Vice President Wade Sheffer said in a release. “With ultra-fast charging, Omni Port technology, and excellent customer experiences, this collaboration should be another reason why EV drivers and the EV-curious should be excited.”

The companies said the chargers would come with two different charging ports, including the North American Charging Standard (NACS) charger created by EV maker Tesla (TSLA). That means that the chargers can be used by a wide array of EVs without needing an adapter that some companies have said Tesla has been slow to provide after a slew of carmaker partnership agreements last year.

ChargePoint and GM shares rose in early trading Wednesday after the announcement, before paring back gains later in the session. ChargePoint shares finished Wednesday’s session flat at $1.16, while GM shares fell 1% to $49.99.