this post was submitted on 17 Jul 2023
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Hyundai Motors Announces Intent to Share Tesla Charging Infrastructure (www.businesskorea.co.kr)
submitted 1 year ago by L4s to c/technology
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Hyundai Motors Announces Intent to Share Tesla Charging Infrastructure::Chung Jae-hoon, the president of Hyundai Motor Company, discussed the company’s plans concerning electric vehicle charging during the Goodwood Festival in West Sussex, England. Following the unveiling of the first high-performance electric vehicle, the Ioniq 5 N, under Hyundai's core electrifica

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[–] [email protected] 6 points 1 year ago (1 children)

well they already own the charger market share. Now everyone can pay and use their supercharger network, that's just more revenue.

Other automakers don't even have a charging network... I suspect Tesla will continue building out their charger network and probably even end up making more money on charging than on selling cars, while all the other automakers just kinda sit back and hope someone else picks up the slack.

[–] [email protected] 2 points 1 year ago

Charging networks don't generate the kind of margins that the cars do. There are a lot of people who bought teslas because of access to the network. Now they've given up that advantage AND existing tesla owners will be competing for limited charging stalls with hyundais and Fords.