Reportedly, the Volkswagen AG unit, Electrify America, is due to expand electric vehicle charging stations at Wal-mart Stores, Inc. (WMT) stores while concentrating more on America’s heartland states. Electrify America with more than 120 operational charging stations currently at Walmart stores in 34 U.S states plans to build 180 charging stations by end of 2019, as per sources. Volkswagen admitted to diesel emission cheating and agreed to spend $2 billion nationwide and $800 million in California to set up stations promoting clean car infrastructure as a part of an earlier agreement.
Vice president for energy at Walmart, Mark Vanderhelm stated “We anticipate the use of EVs will continue to rise and we want to put in the infrastructure to accommodate that,” as per reports.
Wal-mart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Wal-mart U.S., Wal-mart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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