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Hyundai May Take Into Account Affiliating With Tesla's North American Charging Alliance

Hyundai May Take Into Account Affiliating With Tesla's North American Charging Alliance
According to the CEO of the South Korean automaker, Hyundai Motor, the company would think about making its vehicles more easily compatible with the charging standard that Tesla is promoting in North America.
About 60% of U.S. fast chargers are Tesla Superchargers, and Ford and General Motors recently signed agreements with Tesla to adopt its charging technology, which is now known as the North American Charging Standard (NACS).
Hyundai's president, Jaehoon Chang, stated that the business would think about joining the coalition of manufacturers switching to Tesla's standard, but that it would need to decide whether or not doing so was in the best interests of its clients.
One problem, he claimed, is that Hyundai's electric vehicles cannot be charged as quickly on Tesla's current Supercharger network as they can on other stations.
"That's what we will look into from the customer's perspective," Chang told analysts at the automaker's investor day.
While Tesla's Superchargers run at a lesser voltage, Hyundai's new electric vehicles, like the Ioniq 5, have an 800-volt electrical design to enable faster charging.
Chang stated that Hyundai would speak with Tesla to determine whether changes might be made to its charging system to allow Hyundai customers to charge more quickly.
For Tesla to be eligible for some of the $7.5 billion in subsidies the Biden administration has offered to expedite the deployment of chargers in the United States, the business must open its charging network to electric vehicles from other brands.
The American automaker will also generate money by selling electricity to more users of electric vehicles. Since Tesla announced its partnership with Ford in late May, its stock has increased by more than 40%.

Christopher J. Mitchell

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