The Hyundai Motor Group has joined electric vehicle (EV) charging network IONITY as a strategic partner and shareholder.
Having first been announced in 2019, the vehicle manufacturer has now been given the green light following an “extensive review by the relevant regulatory authorities”.
IONITY is now looking to expand its network of 350kW high-power charging along European highways, with Hyundai’s head of product division Thomas Schemera praising it as “one of the most comprehensive charging infrastructure networks in Europe”.
IONITY first came to the UK last year in a deal with Octopus Energy that saw the energy company supply its chargers with 100% renewables. Since then, it has entered into an agreement with Extra MSA to install chargers as eight MSA-owned service stations and deployed its technology in Scotland at a forecourt owned by Motor Fuel Group.
Michael Hajesch, CEO of IONITY, said that adding Hyundai to IONITY, the joint venture between BMW, Daimler, Ford and Volkswagen, was bringing “another strong partner aboard”.
He claimed Hyundai becoming a strategic partner and shareholder “underlines the importance and economic potential of IONITY”.
The charging network is currently working towards a goal of adding 300 chargers to its European network by the end of 2020.