Walmart Working With Volkswagen’s Electrify America To Add More EV Chargers By Yearend

By John Heerdink LinkedIn

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.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

16

VW’s Electrify America to build more EV chargers at Walmart stores

Volkswagen AG unit Electrify America will significantly expand its U.S. network of electric vehicle charging stations at Walmart Inc store locations with an emphasis on America’s heartland states, the two companies said on Thursday. Electrify America already has more than 120 operational charging..

finance.yahoo.com

Read Full Article


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us