Hyundai Motor and Kia Motors completed an investment in IONITY.

Hyundai Motor and Kia Motors, two global automakers, completed an investment in IONITY, a network for high-power-charging electric vehicles to facilitate long-distance travel across all Europe. Financial terms were not disclosed. “Our participation in this joint venture reaffirms the Group’s commitment to future electromobility. I am confident that our work with IONITY will open a new era of high-power charging experiences, where charging will be seamless and easier than refueling for our customers,” Thomas Schemera, Hyundai Motor Group Executive Vice President and Head of Product Division.