AeroVironment Wins FIAT Charging Partnership

AeroVironment has been selected by FIAT as its preferred provider of home charging stations and installations for its all-new, all-electric Fiat 500e. (Photo: Business Wire)

Monrovia, Calif.-based AeroVironment (NASDAQ: AVAV  ) has a new automotive partner.

On Wednesday, AeroVironment announced that FIAT  has selected it to become the "preferred" provider and installer of home charging stations designed to service its Fiat 500e electric car. In a statement, AeroVironment said FIAT is the fifth global automaker to choose the company as its preferred provider of charging solutions. AeroVironment also has relationships with Mitsubishi, Ford, Nissan, and BMW.

FIAT's 500e is a small electric car featuring a 24-kWh lithium ion battery that promises an estimated 108 miles in driving range. Using "an industry standard SAE J1772 recharge connector," AeroVironment says that it will be able to fully recharge a Fiat 500e from a 240-volt refueling station in four hours or less, versus the 20 hours it might take to charge the car using a standard 120-volt charging cable. AeroVironment's charging station can be installed indoors or outdoors. The company says it has deployed 12,000 charging stations across North America.

Automotive News reported earlier this year that the Fiat 500e was priced at $32,500 and that the subcompact would go on sale in Fiat's 25 California dealerships in April.

Buyers of Fiat 500es will be able to bundle a car purchase with the purchase of a home charging station at the dealership, rolling the total cost into their car loan.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2604503, ~/Articles/ArticleHandler.aspx, 4/24/2014 5:10:39 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement