Tesla Faces New Challenges As Automakers Push Ionna Joint Venture, NEVI Funds Get Cut

Q: How long will it take to read this news story?

The story "Tesla Faces New Challenges As Automakers Push Ionna Joint Venture, NEVI Funds Get Cut" has 324 words across 16 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Tesla Faces New Challenges As Automakers Push Ionna Joint Venture, NEVI Funds Get Cut" was covered 11 hours ago by Benzinga, a news publisher based in United States.

Q: How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news. The outlet is headquartered in United States and publishes an average of 17 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23665515</li><li>URL: https://beamstart.com/news/tesla-faces-new-challenges-as-17319464013708</li></ul>

Benzinga Logo Benzinga 11h ago

Tesla Faces New Challenges As Automakers Push Ionna Joint Venture, NEVI Funds Get Cut - Benzinga

Quick Summary:

The two companies joined five other companies — Bayerische Motoren Werke AG (OTC:BMYY) aka BMW, Honda Motor Co Ltd (NYSE:HMC), Hyundai Motor Co, Kia, and Stellantis NV (NYSE:STLA) — to launch Ionna, an independent charging network designed to provide reliable alternatives to Tesla's Supercharger network.

While automakers like General Motors Co (NYSE:GM) and Mercedes-Benz Group AG (OTCPK: MBGAF) have adopted Tesla's North American Charging Standard (NACS), the need for a diversified network was clear.

Tesla Inc‘s (NASDAQ:TSLA) dominance in electric vehicle (EV) charging is in question.