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BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with Audi and Porsche have signed a memorandum of understanding to create the highest-powered charging network in Europe.

The goal is the quick buildup of a sizable number of stations to enable long-range travel for battery electric vehicle drivers.

This is an important step toward facilitating mass-market battery electric vehicle adoption.

The projected ultra-fast charging network with power levels up to 350 kilowatt will be significantly faster than the most powerful charging system deployed today.