Hyundai and Kia join IONITY to use up to 350 kW at 800 V from 2021 on.

Hyundai Motor Group (Hyundai and Kia) has announced an investment in the IONITY fast-charging network, a joint venture founded for the European market in 2017 by BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Porsche AG.

Financial details were not disclosed, but Hyundai Motor Group will obtain equal shares in IONITY as those of the founding partners.

The first stage goal for IONITY is to launch 400 stations by the end of 2020 with multiple DC fast chargers, rated at up to 350 kW and 800 V.

Currently, there are more than 140 installed in 14 countries and over 50 under construction.

IONITY fast charging network - September 9, 2019
IONITY fast charging network - September 9, 2019

Hyundai and Kia say that starting in 2021, both will offer the first all-electric models equipped with 800-volt charging system to charge at up to 350 kW.

"The decision to join this network will provide enhanced benefits for Hyundai and Kia’s European 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."

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 refueling for our customers.”

IONITY CEO Michael Hajesch said that IONITY is glad to welcome the new shareholder on board:

“Hyundai Motor Group brings significant international experience and know-how with a full strategic commitment to electromobility. The participation of new investors in IONITY is a clear signal of trust indicating that the work of our young company is already bearing fruit,”.

Hyundai invests in IONITY fast charging network
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Hyundai Motor Invests in IONITY to Democratize High-Power EV Charging Network

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

• The investment to enable EVs with 800V to reduce charging time significantly by a charging capacity of up to 350kW

• The commitment to electrification of the European transport sector relies on international cooperation across the automotive industry

SEOUL, Sept. 9, 2019 — Hyundai Motor Company alongside Kia Motors Corporation today announced its investment into IONITY, a joint venture established by global automakers. Under the agreement Hyundai and Kia, affiliated automotive companies for Hyundai Motor Group (the Group), 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 Hyundai and Kia’s European 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.

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.

IONITY is expanding its network to 400 fast-charging stations by 2020, with an average of at least one site every 120 kilometers along major European highways. Its European distribution and brand-agnostic approach will significantly improve the image and accessibility of electric vehicles for both current EV users and prospective buyers.

“Our participation in this joint venture reaffirms the Group’s commitment to future electromobility,” said Thomas Schemera, Executive Vice President and Head of Product Division at Hyundai Motor Group. “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 refueling for our customers.”

Through extensive R&D efforts and multiple partnerships with industry leaders, the Hyundai Motor Group has continually cemented its position as a leader in electric vehicles and alternative propulsion. In May, the Group announced a partnership with Croatia’s Rimac Automobili for development of high-performance EVs.

The investment in IONITY accentuates the Group’s continued efforts to become game changers in a low-carbon emissions society, which includes deployment of 44 eco-friendly models by 2025. The Group will leverage the partnership to provide its customers with innovative experiences through enhanced electromobility.

IONITY is glad to welcome the new shareholder on board. “Hyundai Motor Group brings significant international experience and know-how with a full strategic commitment to electromobility. The participation of new investors in IONITY is a clear signal of trust indicating that the work of our young company is already bearing fruit,” said IONITY CEO Michael Hajesch.

The Group will obtain equal shares in IONITY as those of founding partners, BMW Group, Daimler AG, Ford Motor Company, and the Porsche AG.