Volkswagen Group & Siemens support the ambitious growth plans of Electrify America, the largest public ultra-fast charging network for electric vehicles from all vendors in North America. Volkswagen together with Siemens, the leading global technology company, is investing USD 450 million, valuing Electrify America at USD 2.45 billion. Through its financing arm Siemens Financial Services, Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.With Siemens, Electrify America receives its first external investor as well as an important strategic technology partner. In line with Volkswagen's NEW AUTO strategy, this step consistently accelerates the comfort, quality and expansion of the public charging infrastructure in the US and Canada.With the NEW AUTO strategy, the Volkswagen Group has made charging and energy its core business. Like no other car manufacturer, the company is investing in the development of an open fast-charging network worldwide. By 2025, around 45,000 High Power Charging points are planned in Europe, China and the USA together with partners. The product range also includes the entire range of charging solutions for private customers and companies – from the company's own wallbox and flexible fast charging station to charging services and innovative, smart green electricity tariffs. In the next step, Volkswagen will anchor the electric car as a mobile power bank in the energy system creating additional added value for e-car customers.