South Korean automaker Hyundai Motor Group is considering joining Tesla’s NACS charging network.
Currently, Ford and General Motors, two of the top three U.S. automakers, have announced that their electric cars will subsequently be compatible with the NACS charging interface, sparking a wave of industry support for Tesla’s charging network.
At the 2023 CEO Investor Day in Seoul, South Korea, Hyundai discussed its mid-to-long-term business strategy and financial plans. Hyundai CEO Jung Eui-sun said the company is considering moving to Tesla NACS, but still needs to determine if doing so is in the best interest of its customers.
Hyundai’s main concern is that Hyundai electric vehicles may charge faster at other charging stations than at Tesla Superchargers. Simply put, Hyundai’s all-electric vehicles (such as the IONIQ 5) use an 800V electrical architecture, while Tesla Superchargers operate at a lower voltage, resulting in longer charging times.
Jung added that Hyundai plans to consult with Tesla to explore whether Hyundai can achieve faster charging at its Supercharger stations.
The Asian automaker is accelerating its transformation into a provider of smart mobility solutions, and is now involved in autonomous driving, hydrogen, robotics and advanced aerospace (AAM), among other areas.
The company plans to invest 109.4 trillion won over the next 10 years to achieve its goals.
In addition, Hyundai has also launched its “Hyundai Road” strategy and plans to spend 35.8 trillion won of its investment on electrification efforts.
