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To rival Tesla’s proliferating Supercharger community, Hyundai Motor Group is creating its personal ultra-fast EV chargers.
Though many automakers lately partnered with Tesla to make use of its Supercharger community, Hyundai appears to take the street much less traveled.
Based on a brand new report from KED World, Hyundai Kefico Corp, an digital administration methods provider beneath the Hyundai Motor Group, is trying to get its quick chargers with 350 kW output licensed by the Korean authorities.
Hyundai hopes to speed up the rollout of its new EV chargers with plans to launch them inside this yr, pending approval.
At an illustration occasion final January, the provider introduced it might be launching a “hyper-fast charger” enterprise for EVs. Hyundai Motor Group’s buying group was on the occasion and is predicted to make use of the chargers throughout South Korea.
The corporate revealed the “Blue Plug” enterprise model for the primary time on the 2023 Seoul Mobility Present in early April.
In the meantime, in March 2021, Hyundai Motor Group unveiled its plans to construct a super-fast EV charging community beneath the E-Pit model. The auto chief vowed to roll out 120 E-Pit ultra-fast chargers by the tip of the yr, however the progress has been derailed.
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Hyundai to rival Tesla’s Superchargers community
The variety of Hyundai E-Pit websites is 36, up from 12 in April 2021. Throughout the identical time, Tesla’s Supercharger community has grown from 33 to 106 within the area.
Hyundai promotes its E-Pit charging stations as an improve, claiming it has “enormously improved the present charging station by way of comfort.”
Every E-Pit options 4 to 6 350 kW chargers, requiring suppliers to make use of costly supplies to construct the high-end chargers. Hyundai says electrical automobiles can cost from 10% to 80% inside 18 minutes.
![Hyundai-Tesla-Supercharger-network](https://electrek.co/wp-content/uploads/sites/3/2023/08/Hyundai-Tesla-Supercharger-network-3.jpeg?quality=82&strip=all&w=1024)
The corporate’s dedication to a premium EV charging expertise is driving up prices whereas making it difficult to seek out suppliers and slowing the community’s momentum. As highlighted within the report, the development prices for E-Pits might be over $113,000 (150 million gained) to construct typical 350 kW chargers.
Whereas Hyundai has faltered thus far, Tesla’s Supercharger community has thrived. Tesla is poised to widen its lead, however Hyundai appears to gradual its roll with its personal quick chargers.
![Hyundai-Tesla-Supercharger-network](https://electrek.co/wp-content/uploads/sites/3/2023/08/Hyundai-Tesla-Supercharger-network-4.jpeg?quality=82&strip=all&w=1024)
Electrek’s Take
The information comes after many outstanding automakers, together with Ford, GM, Mercedes-Benz, Rivian, Nissan, Honda, Polestar, and extra, introduced they’d undertake Tesla’s NACS, giving their automobiles entry to the Supercharger community.
Hyundai Motor Group, together with Kia and Genesis, is among the many few outliers. The corporate’s CEO, Jaehoon Chang, mentioned the corporate would take into account becoming a member of however that it might be as much as the purchasers in March.
In the meantime, Hyundai was one in all seven auto giants that fashioned a three way partnership final month to develop a high-powered charging community throughout North America with at the very least 30,000 chargers.
Tesla operates over 45,000 Superchargers globally. Wedbush analyst Dan Ives advised traders in a brand new observe final week that he believes Tesla’s Supercharger community may symbolize 3% to six% of complete income, or $10 to $20 billion, by 2030 – maybe the explanation Hyundai needs to rival it with its personal.
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