Posts Tagged ‘ionity’
While Kia Motors has been showing off the new generation of the Kia Sorento for the 2021 model year and the insane performance skills of the 2021 Kia K5, previously known as the Kia Optima, there has been a lot going on behind the scenes. Quick note – the Kia K5 is also entering a new generation of the model, hence the name change – actually, it’s the name the K5 was always known by in its country of origin, South Korea. Alright, so while the automaker has been placing the spotlight on its new models, Kia Motors and the Hyundai Motor Group (and subsidiaries), collectively known as The Group, have been working together for new technology endeavors, such as opening a new development hub for mobility tech, and cooperating with outside sources, such as joining forces with New Horizons Studio. Now, a new joint venture will help build and operate a network of high-powered EV charging stations across Europe to expand not only EV sales and popularity, but also reduce drivers’ worry about needing to find a charging station, a major drawback for first-time EV drivers. The Group and IONITY are working together to create a network that uses 100-percent renewable energy.
Just like many other automakers that have been making investments with companies that focus strictly on electric vehicle technology and self-driving autonomous car tech, Kia Motors and the Hyundai Motor Group also know a good investment when the opportunity arises, and their latest deals with a leading EV fast charging technology company based in Munich – IONITY. By making a strategic investment, Hyundai Motors and Kia Motors have secured a 20-percent stake in the company. Under the contract agreement, Kia and Hyundai, affiliated automotive companies for Hyundai Motor Group (the Group), will be able to play a key role in further enhancing the availability of EV charging stations as well as adding more benefits for EV consumers.
IONITY is a joint venture established in 2017 between BMW Group, Daimler AG, Ford Motor Company, and Volkswagen Group with Porsche AG. Since its formation, over 100 EV charging stations have installed in Europe, and 50 more are in construction this year (2019). IONITY is most well-known for its technological advancements, namely technology IONITY developed with a charging capacity of up to 350 kilowatts. Using technology already in place, a universal charging standard Combined Charging System, this technology has the widest possible compatibility across EVs.