On Thursday, Hyundai Motor Company (005380. K.S.) said that it had concluded that it will implement Tesla Inc.’s (TSLA.O) electric vehicle (E.V.) charging technology in the United States and Canada.
Hyundai’s decision to adopt Tesla’s North American Charging Standard (NACS) brings the Elon Musk-led superchargers one step closer to becoming the industry standard. This comes at the expense of the competing Combined Charging System (CCS), which has been adopted by global peers such as Ford Motor (F.N.), General Motors (GM.N), and Nissan (7201.T).
According to a statement released by Hyundai Motor, the new electric vehicles produced by the South Korean carmaker will be equipped with a NACS port as standard beginning in the fourth quarter of 2024 in the United States and the first half of 2025 in Canada. According to the firm, this will provide Hyundai electric vehicles with NACS ports access to more than 12,000 Tesla Superchargers throughout the United States, Canada, and Mexico.
“Our collaboration with Tesla marks another milestone in our commitment to delivering exceptional E.V. experiences to our customers,” Jose Munoz, President and Global Chief Operating Officer of Hyundai Motor, said in a statement. “Our collaboration with Tesla”
Beginning in the first quarter of 2025, owners of current and future Hyundai electric vehicles equipped with the current CCS standard will have access to the Tesla Supercharging Network. These clients will be given the option to purchase an adaptor from Hyundai. In addition, Hyundai will make adapters available so that NACS-capable vehicles may be charged using CCS chargers.
In June, Hyundai Motor said it was considering possibly making its automobiles more readily compatible with the NACS charging technology.
According to the United States Department of Energy, around sixty percent of the rapid charging stations in the United States are NACS, which are manufactured by Tesla and are widely accessible.
Although Volkswagen (VOWG_p.DE), one of the world’s largest manufacturers, supports the competing CCS system, the German business has conducted discussions with Tesla over the possibility of adopting the NACS.
In July, Hyundai said that it would create a joint venture with other firms, such as Kia Corp (000270. K.S.), Stellantis (STLAM.MI), and BMW (BMWG.DE), to develop an electric vehicle charging network in the United States to compete with Tesla and to take advantage of incentives offered by the Biden administration.
