Hyundai joins EV joint venture
- 09/09/2019
- Posted by: Alan Feldberg
- Category: News
Hyundai has joined the joint venture between BMW Group, Ford, Daimler and Volkswagen Group with Porsche. IONITY’s core mission is to develop an EV charging network throughout Europe.
IONITY CEO Michael Hajesch said, ‘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.
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 has already achieved a network of nearly 140 stations live in 14 European countries with a further 50 under construction. Every station supplies 100% renewable energy and is thereby contributing to a significant reduction in the CO2 footprint of all our customers.
