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				Ionity, which is not yet profitable, aims to install the 400 
				charging stations by the end of next year, with each having 
				about 6 individual loading spots. It has so far installed 63 
				stations, with a further 52 under construction.
 The group specializes in ultra high-speed charging along 
				European motorways to try to address the issue of range, which 
				along with price, is still seen as a reason for why demand for 
				electric vehicles has been subdued so far.
 
 "There's a lot of momentum, activity will be high," Ionity Chief 
				Executive Michael Hajesch told reporters late on Wednesday. "The 
				expansion plans are currently being prepared," he added.
 
 This could include more and bigger charging stations along 
				highways but also busy roads leading in and out of larger 
				metropolitan areas where demand for charging infrastructure is 
				highest, Hajesch said.
 
 He said that competition in the electric vehicle charging 
				infrastructure space, where players range from oil majors and 
				engineering conglomerates to utilities and carmakers, would 
				increase further in coming years.
 
 Earlier this year, Shell acquired U.S.-based Greenlots, 
				following its acquisition of NewMotion in 2017, which has 
				established the oil group as one of the largest players in the 
				field.
 
 The International Energy Agency estimates that the number of 
				electric cars on the road will increase to 125 million by 2030, 
				boosting demand for chargers. There were almost 3 million 
				private chargers at homes and workplaces and about 430,000 
				public chargers in 2017, according to IEA estimates.
 
 (Reporting by Ilona Wissenbach; writing by Christoph Steitz. 
				Editing by Jane Merriman)
 
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