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Seven major global automakers said on Wednesday they were creating a joint venture for an extensive North American charging network in a bid to boost demand for electric vehicles.

BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis said in a statement their alliance would make "EV charging more convenient, accessible and reliable".

The network is set to install at least 30,000 high-powered chargers, the companies said, using federal and state subsidies along with private funds.

"The new charging stations will be accessible to all battery-powered electric vehicles from any automaker," they said.

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