Ford Motor Company (NYSE:F) shares are trading higher on Wednesday. Ford, Bayerische Motoren Werke AG (OTC:BMWYY) and, Honda Motor Company, Ltd. (NYSE:HMC) launched operations for the joint venture, ChargeScape, that was announced last year.
ChargeScape, the vehicle-grid integration joint venture, is a software platform that connects electric vehicles (EVs) to the power grid, helping to stabilize the grid and reduce charging costs for drivers.
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The companies disclosed the appointment of Joseph Vellone as ChargeScape’s first CEO and Kalidindi Raju as its Chief Technology ...