BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > AUTOMOTIVE > article

Hyundai makes strategic investment in joint venture in charge of building charging network in Europe

Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : September 9, 2019, 15:35 | Updated : September 9, 2019, 15:35
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of IONITY]


SEOUL -- South Korea's Hyundai auto group will speed up the development of high-performance electric vehicles following its strategic investment in IONITY, a joint venture of BMW and other major auto companies, that builds a high-power charging network along the main highways in Europea.

The Hyundai Motor Group signed a contract with IONITY for investment and strategic business cooperation. The group will have a 20 percent stake in the joint venture, the same as BMW and other partners. Financial terms were not disclosed.

With its strategic investment in IONITY, Hyundai said it would speed up the development of high-power electric vehicle and expand sales of electric vehicles in Europe. Hyundai plans to equip electric vehicles to be released after 2021 with an 800V charging system that can be supercharged. The 350-kilowatt super-fast charger offered by IONITY can travel more than 100 kilometers with just a three-minute charge.

IONITY, the Munich-based joint venture between BMW, Ford Motor, Daimler AG, and the Volkswagen Group with Porsche AG, has established a high-power charging network in Europe.

"Hyundai Motor Group brings significant international experience and know-how with a full strategic commitment to e-mobility. 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," IONITY CEO Michael Hajesch said in a statement posted on INONITY's website.

"Our participation in this joint venture reaffirms the Group’s commitment to future electromobility," said Thomas Schemera, head of Hyundai's product division. "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."
 

  • Lim Chang-won Reporter
  • email : cwlim34@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • . Former Daewoo Group Chairman Kim Woo-choong dies: Yonhap.
    Former Daewoo Group Chairman Kim Woo-choong dies: Yonhap
  • .Hyundai Motor unveils $51.3 bln investment to transform business structure by 2025.
    Hyundai Motor unveils $51.3 bln investment to transform busi…
  • .Hyundai Motors project to build S. Koreas tallest skyscraper wins final approval.
    Hyundai Motor's project to build S. Korea's tallest skyscrap…
  • .[INTERVIEW] Hyosung researcher predicts wider use of localized carbon fiber .
    [INTERVIEW] Hyosung researcher predicts wider use of localiz…
  • .Oriental medicine researchers study efficacy of cicada shells in Parkinsons disease.
    Oriental medicine researchers study efficacy of cicada shell…

Real Time Photo News

  • .[FOCUS] Transparency in compiling music charts becomes hot topic in music community.

    [FOCUS] Transparency in compiling music charts becomes hot topic in music community

  • .Actor Park Seo-joons expresses sadness over hacked YouTube channel.

    Actor Park Seo-joon's expresses sadness over hacked YouTube channel

  • .Big Hit refutes JTBCs news report about BTS seeking legal help over profit distribution.

    Big Hit refutes JTBC's news report about BTS seeking legal help over profit distribution

  • .​[PHOTO] President Moon meets rock band U2s Bono.

    ​[PHOTO] President Moon meets rock band U2's Bono

  • .​JYP Entertainment to take necessary actions to protect TWICE members against stalker.

    ​JYP Entertainment to take necessary actions to protect TWICE members against stalker

Latest News

more+

  • [FOCUS] Transparency in compiling music charts becomes hot topic in music community
  • Actor Park Seo-joon's expresses sadness over hacked YouTube channel
  • State research institute develops lightning-speed long-distance data transfer technology
  • Samsung shipyard verifies 5G-based autonomous driving platform for ships
  • Big Hit refutes JTBC's news report about BTS seeking legal help over profit distribution
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view