Hyundai Motor Group Signs Partnership with NaaS to Sell More EVs in China
Key Highlights :
Hyundai Motor Group, Korea's third-largest business group, has signed a partnership agreement with Chinese electric vehicle (EV) charging service provider NaaS in order to sell more EVs in the world's second-largest economy. Representatives of Hyundai Motor Group China (HMGC) including Executive Vice President Lee Hyuk-jun met with NaaS CEO Wang Yang at NaaS headquarters in Beijing to sign a memorandum of understanding (MOU) for cooperation in EV charging services.
The collaboration between the two companies will enable Hyundai Motor Group to provide Chinese EV customers with more convenient and innovative charging services. NaaS, established in 2019 as China's first specialized EV charging service information company, has accumulated information on 55,000 charging stations and 400,000 charging points across China. Notably, in March, NaaS garnered industry attention by unveiling its autonomous EV charging robot and actively engaging in the development of innovative EV charging-related services.
Through this partnership, Hyundai Motor Group and NaaS will combine Hyundai Motor Group's connected services platform with NaaS' EV charging information service to develop and establish systems including home charging stations, an EV charging point payment/management system and a real-time EV charging network information system. The home charging station sharing system will allow customers to share their home-installed EV chargers with third parties, generating revenue. Chargers registered in this system will be continuously visible on NaaS' real-time charging station search network, and vehicles in need of charging can utilize these chargers after payment.
The collaboration between Hyundai Motor Group and NaaS also envisions various services utilizing charging points generated through this process. This partnership will contribute to elevating Hyundai Motor Group's global electric vehicle competitiveness and drive various integrated services and cutting-edge technology demonstration projects to lead the EV landscape in China.
Hyundai Motor Group's partnership with NaaS is a major step towards the company's goal of selling more EVs in China. With the help of NaaS' EV charging information service and Hyundai Motor Group's connected services platform, the two companies will be able to provide Chinese EV customers with more convenient and innovative charging services. This collaboration is sure to benefit both companies and will help to drive the EV landscape in China forward.
