https://www.cnn.com/2019/05/28/business/gm-bechtel-electric-car-charging-stations/index.html
Bechtel is a well established construction company.
Disappointing is that neither company plans on any direct investment into the new venture, instead they will seek outside investment to actually fund the build out, which means if there is no investment there will be no build-out.
But hey, now GM can claim they are actually doing something to support EV charging needs even if they really aren't.
Yup, I'm unclear as to what GM's contribution actually is here. Are they just filing paperwork to incorporate a business venture? I can do that. Do they then assume a VC will pony up the coin?
As Redpoint mentioned and I completely agree, there's no money in charging for charging, yet. They need to be plugged in to make money and the numbers of non-Tesla EV's that road trip (face it, the vast majority of EV's only need to pay for charging when on a road trip, not urban charging) is a long way from making them profitable.
On the bright side, it's at least an admission by GM that EV's have their attention which is an about face from Mary Barra's comment a few years ago that GM wouldn't contribute a nickel towards a charging infrastructure. Wait, scratch that, they still aren't contributing a nickel.