Hyundai Motor Group will develop ultra-fast chargers using their patented technology to catch up with Tesla, the world’s top electric vehicle manufacturer, which has rapidly advanced in the Korean market with its superchargers.
In this regard, Hyundai Kefico Corp., a manufacturing unit for engine and transmission parts, is aiming to acquire new equipment with a power output of 350 kilowatts (kW).
The Korean automotive giant is awaiting certification as they are expected to be introduced to the market later this year.
It’s worth mentioning that the company announced its foray into electric vehicle charger development in October 2022.
Hyundai is expected to deploy the Blue Plug at its charging stations nationwide.
Recalling that in March 2021, the company unveiled a plan to build high-speed electric vehicle charging stations under the E-pit brand to accelerate the adoption of their zero-emission cars in Korea.
At that time, they committed to installing a total of 120 ultra-fast chargers at their E-pit charging stations by the end of 2021.
However, the rollout has been slow: the number of E-pit stations has only increased to 36 in Korea since April 12, 2021.
During the same period, Tesla’s Supercharger stations have risen to 106.
While Hyundai grapples with the slow rollout of its charging stations, Elon Musk’s company is poised to solidify its leadership in the Korean industry with superchargers.
At the current pace, the gap in electric vehicle charging infrastructure construction between the two firms could widen even further.
The South Korean automotive giant’s efforts to curb Tesla’s dominance persist on the global stage in the absence of a standardized electric vehicle charging system.
On the other hand, it’s worth mentioning that Hyundai is also setting its sights on North America.
That’s why Hyundai Motor Co. and Kia Corp. recently announced their collaboration with BMW Group, General Motors, Honda Motor, Mercedes-Benz Group, and Stellantis NV to install at least 30,000 stations in the USA.