Hyundai invests in IONITY to expand EV charging network in Europe

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This investment will enable the electric vehicles with 800V to reduce charging time significantly by a charging capacity of up to 350 kW, claims Hyundai in a release.

Hyundai has invested in IONITY to enhance the availability of electric vehicle charging network in Europe, informed the South Korean automaker in a release.

The brand joins the IONITY in cooperation with founding partners BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Porsche AG.

As Hyundai claims, this investment will enable EVs with 800V to reduce charging time significantly by a charging capacity of up to 350kW. It also says that the commitment to the electrification of the European transport sector relies on international cooperation across the automotive industry.

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. Starting in 2021, Hyundai and Kia electric vehicles will be equipped with 800 volt charging systems to accommodate IONITY’s maximum charging power of 350 kilowatts.

The Hyundai and Kia 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.

The IONITY is a joint venture established in 2017 between BMW Group, Daimler AG, Ford Motor Company, and Volkswagen Group with Porsche AG. The company currently has nearly 140 charging stations across Europe and 50 more are under construction.

It is expanding the charging network to 400 fast-charging stations by 2020, with an average of at least one site every 120 kilometres along major European highways.

Thomas Schemera, Executive Vice President and Head of Product Division at Hyundai Motor Group, said, “Our participation in this joint venture reaffirms the Group’s commitment to future electromobility. I am confident that our work with IONITY will open a new era of high-power charging experiences, where charging will be seamless and easier than refuelling for our customers.”

Courtesy: https://auto.economictimes.indiatimes.com/news/aftermarket/hyundai-invests-in-ionity-to-expand-ev-charging-network-in-europe/71045967

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