Hyundai Motor Invests in IONITY

Hyundai Motor alongside Kia Motors has announced its investment into IONITY, a joint venture established by global automakers.

Under the agreement Hyundai and Kia will play a key role in further enhancing the availability of EV charging stations with additional convenience benefits for its customers. The decision to join this network will provide enhanced benefits for the company customers.

Starting in 2021, Hyundai and Kia EVs will be equipped with 800 volt charging systems to accommodate IONITY’s maximum charging power of 350 kilowatts. Customers will be able to use IONITY’s HPC facilities, which are equipped with digital payment options, to significantly reduce charging times and better facilitate long-distance travel.

For the unfamiliar, IONITY is a joint venture established in 2017 between BMW Group, Daimler AG, Ford Motor Company, and Volkswagen Group with Porsche AG. Since its formation, it currently has nearly 140 charging stations in Europe in operation with 50 more under construction. The technology of IONITY is characterized by a charging capacity of up to 350 kilowatts, its use of the universal charging standard Combined Charging System ensures the widest possible compatibility across EVs.

Source: Press Release


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