Automotive manufacturers including, Audi, BMW Group, Daimler, Ford Motor Company, Porsche and Volkswagen Group have entered in a joint venture (JV) to build the highest-powered charging network in Europe by signing a memorandum of understanding (MoU).

The new MoU will facilitate construction of power stations which would be beneficial for battery electric vehicle drivers for enable long-range travel.

The construction of these electricity charging stations is expected to begin by next year.

"With our new brand EQ, we are launching our electric product offensive: by 2025, our portfolio will include more than 10 fully electric passenger cars."

BMW board of management chairman Harald Krüger said: “This high-power charging network provides motorists with another strong argument to move toward electric mobility.

“The BMW Group has initiated numerous public charging infrastructure projects over the last years.

"The joint project is another major milestone clearly demonstrating that competitors are combining forces to ramp up e-mobility.”

Initially, 400 stations will be constructed across Europe. The primary objective of building these stations is to enable long-distance travel through open-network charging stations along highways and major thoroughfares.

Daimler board of management chairman and Mercedes-Benz Cars head Dieter Zetsche said: “The breakthrough of e-mobility requires two things: convincing vehicles and a comprehensive charging infrastructure.

“With our new brand EQ, we are launching our electric product offensive: by 2025, our portfolio will include more than 10 fully electric passenger cars.

"Together with our partners, we are now installing the highest-powered charging infrastructure in Europe.

“The availability of high-power stations allows long-distance e-mobility for the first time and will convince more and more customers to opt for an electric vehicle.”

The automobile manufacturers intend to make a considerable investment in the project as each company beliefs in the future of electric mobility.

The joint venture also intends to cooperate with regional partners to ensure a quick network realisation.