Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu and DynamIK for the clue delivery! CTOnews.com, June 20 (Xinhua) South Korean carmaker Hyundai Motor Group is considering joining Tesla's NACS charging network.

At present, Ford and General Motors, two of the top three automakers in the United States, have announced that their electric vehicles will be compatible with the NACS charging interface, triggering a wave of support for Tesla's charging network.

Hyundai discussed its medium-and long-term business strategy and financial plan at the 2023 CEO Investor Day in Seoul, South Korea. Zheng Yixuan, Hyundai CEO, said the company was considering switching to Tesla NACS, but still needed to determine whether it was in the best interests of customers to do so.

Hyundai's main concern is that Hyundai electric cars may charge faster than Tesla supercharging stations at other charging stations. Simply put, Hyundai's all-electric cars (such as IONIQ 5) use 800V electrical architecture, while Tesla supercharging stations operate at lower voltages, resulting in longer charging times.

Zheng Yixuan added that Hyundai plans to negotiate with Tesla to explore whether Hyundai can charge faster at its supercharging station.

The Asian carmaker is accelerating its transformation into a provider of smart travel solutions and has dabbled in areas such as autopilot, hydrogen, robotics and advanced aviation (AAM).

The company plans to invest 109.4 trillion won (CTOnews.com Note: currently about 610.452 billion yuan) over the next 10 years to achieve its goal.

In addition, Hyundai has launched the "Hyundai Motor Road" strategy and plans to spend 35.8 trillion won (currently about 199.764 billion yuan) of its investment on electrification work.

Related readings:

"Hyundai announces plus-size electric vehicles: an investment of 35.8 trillion won by 2032, with a target annual sales of 2 million vehicles."

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