According to foreign reports on November 24th, BlackRock, the world’s largest asset management company, has joined the 700 million euro financing for European charging network construction company Ionity to provide the necessary funding for the rapid deployment of high-power charging points.

Established in 2017, Ionity was jointly founded by BMW, Daimler, Ford, and Volkswagen, and Hyundai Motor Group also became its fifth shareholder in November 2020. They hope to build high-power charging points on major highways in Europe to meet the long-distance travel needs of electric vehicle users.

Ionity said on Wednesday that the investment also includes contributions from existing shareholders. This 700 million euro investment will enable Ionity to build 7,000 350 kW fast charging points by 2025. Currently, Ionity operates more than 1,500 charging points in 24 countries/regions.

Ionity did not provide details of the round of financing. Existing investors Volkswagen, Daimler, BMW, Ford and Hyundai Motor have all participated.

According to reports, BlackRock has invested about 500 million euros in Ionity alone, making it the first shareholder from outside the automotive industry.

David Giordano, global head of renewable energy at BlackRock, said that in terms of business maturity and complexity of existing partner relationships, Ionity differs from other charging network construction companies.

Ionity CEO Michael Hajesch also said that the combination of energy and mobility makes Ionity more attractive.

Michael Hajesch also stated that as part of the expansion plan, Ionity may seek more manufacturers for its hardware part. Currently, Ionity’s charging stations are mainly produced by ABB in Switzerland and Tritium in Australia, and some are produced by Porsche itself.

Investors’ attention to the electric vehicle industry is increasing. The electric vehicle industry not only covers automobile production, but also includes important infrastructure construction. Currently, more and more capital is becoming interested in this area.🔗Information source: Reuters

翻译结果：

BlackRock加入E汽车充电公司Ionity 7.88 亿美元融资圈

资产管理巨头BlackRock已经加入了以全球一流汽车制造商为合作伙伴的欧洲快速充电网络公司Ionity的7.88亿美元融资圈，并成为这家公司的第七大股东。

来自德国的Ionity在欧洲建立了高功率充电站网络，是Volkswagen、BMW、福特和戴姆勒等汽车制造商的合资公司。该公司计划到2025年在欧洲安装达到超过500个充电站。

此前，三汽、福特、戴姆勒、宝马、Volkswagen Group和挪威石油公司（Equinor）已成为Ionity的股东。

BlackRock曾在去年投资了Ionity的4600万美元融资圈。

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.