Hyundai Engineering Signs Two MOUs for Electric Vehicle Charger Infrastructure Development

Hyundai Engineering is contributing to the establishment of electric vehicle (EV) charger infrastructure in South Korea.

On the 16th, Hyundai Engineering signed an MOU with the Korea Transportation Safety Authority for the construction of EV charger infrastructure, and the day before, it announced that it had signed an MOU with Hapcheon-gun, Gyeongnam Province, in the same field.

At the electric vehicle rapid charger distribution project business agreement ceremony held on the 16th at the Korea Transportation Safety Authority headquarters in Gimcheon, Gyeongbuk, Kwon Moon-han, Head of Asset Management Division at Hyundai Engineering (third from the right), and Park Min-ho, Head of Management Support Division at Korea Transportation Safety Authority (fourth from the right), along with other officials, are taking a commemorative photo.
[Photo by Hyundai Engineering]

Under this agreement, Hyundai Engineering will install a total of 181 slow and fast EV chargers, including 98 units in Hapcheon-gun, Gyeongnam, and 83 units at the Korea Transportation Safety Authority headquarters and Gangnam Inspection Office in Gimcheon.

Hyundai Engineering has already signed MOUs with local governments nationwide, including Seoul, Asan-si in Chungnam, Goseong-gun in Gangwon, and Gimhae-si in Gyeongnam, to build public EV charging infrastructure. Installation of approximately 750 fast and slow EV chargers is expected.

Last month, Hyundai Motor Company, Kia, and Woori Management also signed a tripartite business agreement to cooperate on expanding apartment EV charging infrastructure. According to the agreement, Hyundai Motor Group’s EV charging service platform, ‘E-CSP,’ will be applied to apartment chargers.

Hyundai Engineering established a dedicated EV charging facility business organization last year by creating the EVC (Electric Vehicle Charging service) team within the Asset Management Division. This year, it was also selected as a recipient of EV charging subsidy projects.

A Hyundai Engineering official said, “As the EV market size rapidly expands, we have consistently shown interest in related infrastructure construction projects, and we are now seeing the results. We will accelerate efforts to secure new growth engines by discovering various new business opportunities, not only in the EV charging business but also beyond.”

This content was produced with the assistance of AI translation services.