July 10 (Reuters) - Toyota ( TM ) has joined a group
of major automakers to back electric vehicle charging firm,
IONNA, which is building a high-powered EV charging network
across North America, the companies said on Wednesday.
The group's statement did not provide a value or additional
details on the investment.
Seven large automakers, including Mercedes, GM,
Stellantis ( STLA ), Honda ( HMC ), BMW and
Hyundai-Kia formed IONNA as a joint venture last
year to develop a fast-charging network that would compete with
the Tesla Supercharger network.
Toyota's ( TM ) investment in the JV will give Toyota ( TM ) and Lexus
customers access to the public network of DC fast chargers IONNA
will begin deploying later this year.
IONNA plans to install at least 30,000 charging ports in
North America by 2030.
(Reporting by Nathan Gomes in Bengaluru; Editing by Janane
Venkatraman
)