Hyundai Motor Group, which includes the Hyundai and Kia brands, has joined Ionity, the joint venture between BMW Group, Ford Motor Company, Daimler, and the Volkswagen Group with Porsche. Since it was set up in November 2017, Ionity’s goal is to build an extensive and reliable 350 kW High-Power-Charging network (HPC) for electric vehicles in Europe to make comfortable long- distance EV travel a reality.
“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,” said Ionity CEO Michael Hajesch.
“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.”
As of today, Ionity has already achieved a network of nearly 140 stations live in 14 European countries with a further 50 under construction. Every station supplies 100 percent renewable energy and is thereby contributing to a significant reduction in the CO2 footprint of all of Ionity’s customers.
The investment in Ionity accentuates the Hyundai Motor 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.
The Group will obtain equal shares in Ionity as those of founding partners, BMW Group, Daimler, Ford Motor Company, and Porsche.