EV maker Rivian said it agreed to adopt Tesla’s charging standard, adding momentum to Tesla's bid to set the industry standard. GM and Ford also struck similar deals with Tesla in recent weeks
. While other automakers get access to Tesla's charging network, Tesla stands to profit from selling power to a bigger group of EV drivers.
Rivian, which makes the R1T pickup truck and the R1S SUV, said it will continue to expand its own fast-charging network. In 2021, it outlined plans for more than 3,500 charging stations. Tesla's Superchargers account for about 60% of the total fast chargers available in the United States, according to the U.S. Department of Energy.
"That's why I think you're going to see more and more partnerships," said Akshay Singh, a partner at consultancy firm PwC Strategy&.
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