Hyundai Alongside Kia Invests In IONITY Fast Charging Network

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