In challenge to Tesla, automakers launch US EV charging network

FILE PHOTO: Stellantis CEO Carlos Tavares speaks during a Stellantis keynote address at CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 5, 2023. REUTERS/Steve Marcus/File Photo/File Photo

(Reuters) -Seven major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the U.S., in a challenge to Tesla and a bid to take advantage of Biden administration subsidies.

The group includes General Motors, Stellantis, Hyundai Motor and its Kia affiliate, Honda, BMW and Mercedes Benz - brands representing about half of U.S. vehicle sales but a small share of the EV market dominated by Tesla.