acf/google-ad-placement

Hyundai Motor Company&nbsp;HYMTF Chief Executive Officer Jaehoon Chang said the company would consider attaining the charging standard that&nbsp;Tesla Inc&nbsp;TSLA is thrusting in North America.

Tesla&#39;s Superchargers constitute about 60% of total available U.S. fast chargers, reported&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/hyundai-consider-joining-teslas-north-american-charging-standard-alliance-2023-06-20/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters</a>.

The charging technology, known as the North American Charging Standard (NACS) has been adopted by automotive giants, including&nbsp;General Motors Co&nbsp;GM and&nbsp;Ford Motor Co&nbsp;F recently.

Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/32790330/ross-gerber-thinks-gms-decision-to-adopt-teslas-ev-charging-system-is-checkmate-this-is-setting-a-st" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Ross Gerber Thinks GM&#39;s Decision To Adopt Tesla&#39;s EV Charging System &#39;Is Checkmate&#39; &mdash; &#39;This Is Setting A Standard&#39;</a>

Hyundai&#39;s CEO, however, said the shift to NACS will happen only if it&#39;s in the interest of its customers.

One issue is that Tesla&#39;s current network of Superchargers does not allow for the faster charging Hyundai&#39;s electric vehicles.

By opening its charging network to electric vehicles from other brands, Tesla stands to gain by qualifying for $7.5 billion in subsidies, approved by Bide administration to boost chargers infrastructure in the U.S.

Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/32919386/hyundai-unveils-85b-investment-plan-to-become-an-ev-powerhouse" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Hyundai Unveils $85B Investment Plan To Become An EV Powerhouse</a>

Price Action: HYMTF shares closed lower by 1.02% at $41.83 on Friday.

News

Media

General

Hyundai Motor Company&nbsp;(OTC: HYMTF) Chief Executive Officer Jaehoon Chang said the company would consider attaining the charging standard that&nbsp;Tesla Inc&nbsp;(NASDAQ: TSLA) is thrusting in North America.

Hyundai Mulls Joining Tesla's North American Charging Standard Alliance: Report - Tesla (NASDAQ:TSLA), Ford Motor (NYSE:F), General Motors (NYSE:GM), Hyundai Motor (OTC:HYMTF)

Shivani Kumaresan

Tesla

Ford Motor

General Motors

Hyundai Motor

Hyundai Motor Company&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>) Chief Executive Officer Jaehoon Chang said the company would consider attaining the charging standard that&nbsp;Tesla Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is thrusting in North America.

Application error: a client-side exception has occurred (see the browser console for more information).