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Key Takeaways
- General Motors said Wednesday that it would sell adapters that would help owners of its electric vehicles access Tesla’s charging network.
- Tesla agreed to let a number of other automakers use its charging network last year, but production delays and layoffs at the EV maker have delayed the plans.
- Separately Wednesday, GM reached an agreement with a labor union partner in Canada that, if ratified, could avert a strike.
General Motors (GM) buyers will soon be able to access Tesla’s (TSLA) network of charging stations.
The Detroit auto giant said Wednesday that it is now selling adapters to connect GM’s electric vehicles to Tesla’s Supercharger network for $225. Tesla opened its charging network to other vehicles last year, though production delays and layoffs in the Supercharger team have reportedly slowed its expansion.
The move to open Tesla’s network to other automakers provides an alternative stream of revenue for the company. It has broadly been seen as supporting EV sales by addressing “range anxiety” among prospective buyers of other companies’ vehicles.
The New York Times last month reported that Ford (F) and Rivian (RIVN) were the only two automakers that had moved past the first step of integrating Tesla’s charging software.
GM Avoids Strike With Agreement With Canadian Union
Separately Wednesday, the automaker reached a tentative agreement with one of Canada’s largest labor unions, which represents over 1,300 GM employees at facilities making electric vans and batteries. Members of the union will vote on the offer Sunday, the union said.
GM shares were more than 2% higher Wednesday morning. Tesla’s shares edged upward.