Hyundai to set up EV chargers at Shell gas stations

Hyundai Motor Co. plans to set up chargers for electric vehicles at gas stations of Shell Inc. worldwide as South Korea’s top automaker aims to speed up its move for electrification and carbon neutrality.

Hyundai and Shell, Europe’s top oil company, signed a memorandum of understanding (MOU) for cooperation to offer lower carbon emissions products and services and to reduce emissions across their operations, according to the carmaker on Friday. The two companies agreed to collaborate on EV charging, low-carbon energy solutions, hydrogen and digital technology.

“Through this collaboration, we see ample opportunities for the transformation of our respective businesses and have identified promising synergies that will allow Hyundai Motor and Shell to thrive during the transition to future mobility and clean energy solutions,” said Hyundai CEO Chang Jae-hoon.

SHELL AIMS TO OPERATE MORE THAN 500,000 EV CHARGING POINTS

They plan to initially establish EV chargers at Shell’s gas stations in Asia where EV demand is expected to quickly grow, and expand the charging infrastructure gradually. Shell operates about 45,000 gas stations in 80 countries.

In Europe, both will help drivers of electrified models of the Genesis charge their vehicles more conveniently through the cooperation with the selection of Shell Recharge Solutions as the charge point operator (CPO) and mobility service provider (MSP) for the Genesis models. Initially focusing on the UK, Germany and Switzerland, the ambition is to grow the partnership throughout Europe.

This collaboration will contribute to Shell’s goal of operating more than 500,000 EV charging points worldwide by 2025 from about 80,000 currently.

Hyundai aims to operate all of its factories worldwide only with renewable energy by 2045 with Shell’s renewable energy solutions, while the oil company will consider buying the carmaker’s hydrogen fuel-cell trucks and battery-powered EV for corporate uses.

Write to Hyung-Kyu Kim at khk@hankyung.com
Jongwoo Cheon edited this article.