ChargePoint to charge the EV industry with this collaboration

ChargePoint to charge the EV industry with this collaboration

ChargePoint (NYSE: CHPT) will join forces with Mercedes Benz to build a high-power charging network in North America. The main goal is to establish a network of more than 400 hubs across North America with over 2,500 high power chargers by 2027. 
The project planned to provide chargers that will function on “plug and charge”, which will allow the charging station to interact directly with the vehicle. This will impact various related industries and revolutionize the industry. 
Earlier, ChargePoint revealed that Eric Sidle will step down as Chief Technology Officer, effective from Jan 31. Addition to this, Chief Customer and Operations Officer, Rick Wilmer, will take over as the new Chief Operation Officer. This change in the upper hierarchy can affect the new project and the company as a whole in a broader perspective. 
Initiative and challenges
Given that ChargePoint Holdings Inc. is an electric vehicle (EV) charging technology solutions provider and sells network charging hard

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