Hyundai, Kia invest in IONITY fast-charging JV
Green Car Congress
SEPTEMBER 9, 2019
Kia Motors Company and Hyundai Motor Company,affiliated automotive companies for Hyundai Motor Group, have invested in IONITY, a joint venture established in 2017 between BMW Group, Daimler AG, Ford Motor Company, and Volkswagen Group with Porsche AG. The Hyundai Motor Group will obtain equal shares in IONITY as those of founding partners. Since its formation, IONITY has placed nearly 140 charging stations in Europe in operation with 50 more under construction.