News : Partnership / Charzin & HYUNDAI MOTOR GROUP

** The contracting parties to this partnership are clearly disclosed.

This agreement is a contract between Charzin and Hyundai Motor Company and is not a legal contract with the EVZ Foundation. Charzin is an EVZ platform usage and construction operator.

1. Partner’s Name

HYUNDAI MOTOR GROUP

2. Counterparty Website

https://www.hyundai.co.kr/

3. Counterparty Details

Hyundai Motor Company is striving to provide freedom of movement to everyone by investing in mobility services, by building a close relationship with leading mobility service providers and expanding our role beyond the automotive transportation sector. The company will play a pivotal role in global society’s transition to clean energy by helping make hydrogen an economically viable energy source.

6. Partnership Details

Hyundai Motor Group formed an “E-pit Alliance” with six domestic charging businesses.

- Forming an alliance network and signing an MOU to establish an integrated platform with major charging businesses in Korea.

- Electric vehicle customers can conveniently use chargers from various operators only by signing up for E-pit membership.

- Participating charging businesses expect the effect of expanding their businesses and increasing sales by securing additional charging demand.

- Establish a virtuous cycle structure in which South Korea’s electric vehicle charging ecosystem can continue to develop.

EVZ is the project that will lead the eco-friendly energy industry by solving the charging issues which is one of the obstacles in the electric vehicle market