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24 Nov
15:01

Ionity announces major expansion after welcoming BlackRock as investor

Electric vehicle charging venture Ionity said Wednesday it will more than quadruple its network by 2025, thanks to a €700 million ($784.2m) cash injection, Kallanish reports. The expansion across Europe will be enabled by a recent funding round, which welcomed investment manager BlackRock as the first non-carmaker shareholder in the company. The funds also include investment from existing shareholders such as the BMW Group, Ford Motor, Hyundai Motor Group, Me…
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