Siemens and Volkswagen to invest $450m in Electrify America.

Siemens, a German multinational conglomerate corporation, and Volkswagen, a German multinational automotive manufacturer, agreed to invest $450m in Electrify America, an electric vehicle DC fast charging station network in the United States. "Representing one of Siemens’ largest investments in electrified transportation, this strategic partnership with Electrify America aims to grow a collaborative ecosystem that propels EV adoption across the United States and Canada. Our unique ability to combine financial and technology know-how helps to fulfill Siemens’ commitment to decarbonize key industries, accelerate the shift to sustainable mobility, and do so in a way that’s accessible for all," Veronika Bienert, Siemens Financial Services CEO.