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Key Takeaways
- Starbucks and Mercedes-Benz announced a deal to put the carmaker’s EV charging stations at 100 of the coffee giant’s U.S. locations.
- The first phase of the plan will put the chargers at Starbucks locations on the West Coast’s Interstate 5 corridor.
Customers at some Starbucks (SBUX) locations can soon get more than just a caffeine “charge.” They’ll be able to get one for their electric vehicle, too.
The world’s biggest coffee chain is working with Mercedes-Benz to offer EV charging stations at 100 Starbucks locations in the U.S. The first phase will have the German carmaker placing its 400-kilowatt devices in Starbucks stores along Interstate 5 on the West Coast.
Starbucks said it has “nearby access” to charging stations at more than 1,000 locations.
Mercedes-Benz last year said it would join Tesla’s (TSLA) North American Charging System network.
Shares of Starbucks fell 0.5% in Wednesday trading. They’re down more than 20% in 2024.