Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Technology
Rachit Vats

Tesla Expands Supercharger Access To All Companies' EVs In Netherlands, With Plan For Further Expansion In Europe

Tesla Inc (NASDAQ:TSLA) said on Monday it has expanded access to its supercharger network to all electric cars in the Netherlands.

What Happened: The Elon Musk-led company has been opening up its supercharger network globally to all electric vehicles since November last year.

The access for non-Tesla cars is currently also available in France and Norway while a pilot is being run in  Germany and Belgium as well.

Non-Tesla drivers can access the service via the Tesla app.

See Also: Elon Musk Says Tesla To Open Supercharger Network To Other EVs Later This Year

“More customers using the Supercharger network enables faster expansion,” Tesla noted on its website.

“Our goal is to learn and iterate quickly, while continuing to aggressively expand the network, so we can eventually welcome both Tesla and Non-Tesla drivers at every Supercharger worldwide.”

Why It Matters: Tesla has been scaling up its supercharging network amid rising competition. The EV maker has over 30,000 superchargers globally, of which over 8,000 are in China alone.

See Also: Why Fitch Sees Tesla As A Major Competitor To Its Own Battery Supplier CATL

Rivals Xpeng Inc (NYSE:XPEV) and Nio Inc (NYSE:NIO), which are still small but growing fast with expansion plans outside of China, have been establishing their own charging networks that are compatible with each other’s network. 

Rating agency Fitch said on Monday Tesla’s supercharger network expansion could mean stiff competition for its battery supplier CATL, which has been betting on its battery-swapping service.

Price Action: Tesla shares closed 1.83% higher at $875.7 a share on Monday.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.