Hyundai and Kia to adopt Tesla's EV charging tech next year
Publishing timestamp: 2023-10-05 16:33:11
Summary
Hyundai and Kia have announced that they will adopt Tesla's electric vehicle charging system in the United States starting in the fourth quarter of 2024. This move follows other companies like Ford and General Motors who have already integrated Tesla's charging ports into their electric vehicles. The adoption of Tesla's charging system will allow Hyundai and Kia drivers to use any Tesla charging stations. The South Korean automakers plan to incorporate Tesla's technology into all new electric vehicles built in 2024 and beyond, giving them access to over 12,000 Tesla Superchargers across the US, Canada, and Mexico. Current Hyundai and Kia electric vehicle owners will also be able to access Tesla Superchargers using adapters starting in the first quarter of 2025. This collaboration is seen as a milestone in Hyundai's commitment to delivering exceptional EV experiences to its customers and complements their joint venture to create a high-powered charging network with at least 30,000 stations across North America. General Motors expects to see up to $400 million in savings by adopting Tesla's charging technology.
Sentiment: POSITIVE
Tickers: .FKRX300, TSLA, F, HYUO-GB, GM,
Keywords: business, tesla inc, environment, climate, kia corp, united states, ford motor co, transportation, autos, general motors co, breaking news: business, business news, hyundai motor co,
Source: https://www.cnbc.com/2023/10/05/hyundai-and-kia-adopt-teslas-electric-vehicle-charging.html