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New Deal


Announced

Enel X and Volkswagen to form a joint venture.

Synopsis

Enel X, Enel Group’s advanced energy solutions business line, and Volkswagen agreed to form a joint venture. JV will operate in Italy as Charging Point Operator by investing in, deploying between 2021 and 2025, owning and operating a high power charging network. The network will count on more than 3k charging points of up to 350 kW each across the national territory. The charging network will enable a comfortable ride with electric vehicles from North to South of the Peninsula. Financial terms were not disclosed. “We share with Volkswagen a joint vision on global electrification of transport, so a partnership with them came naturally for us: the energy transition requires teamwork. The EU auto industry and the energy sector have the required expertise and means to make the energy transition happen as quickly as possible, with the electrification of transportation as one of its main avenues. Towards this aim, we are joining forces with Volkswagen and the overall auto sector in the design and implementation of electric mobility solutions that are accessible and convenient for all drivers, as well as being safe and sustainable," Francesco Venturini, Enel X CEO.

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