Hyundai Motor Group Opens New European Test Facility to Lead Development of Next-Generation Technology
Key Takeaway
Hyundai's substantial investment in a new European EV test facility underscores the accelerating shift towards electric vehicles, creating both demand-side opportunities for power developers and new load considerations for grid operators and large power consumers.
AI Summary
- •Hyundai Motor Group is investing €150M in a new 'Square Campus' European test facility, featuring an EV charging laboratory and advanced climate testing capabilities.
- •This significant investment reinforces Hyundai's commitment to developing next-generation, market-leading EV technology for European customers, signaling accelerated EV innovation.
- •The expansion will drive increased demand for EV charging infrastructure and grid capacity, creating opportunities for power developers and impacting grid planning for large power consumers.
- •The new facility itself, with its extensive testing equipment and EV charging infrastructure, represents a substantial new industrial power load.
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Article Content
Hyundai Motor Group reinforces commitment to Europe with ‘Square Campus’ expansion at Hyundai Motor Europe Technical Center New €150m facility underpins the development of advanced, market-leading technologies for European customers Investment includes one of the world’s largest semi-anechoic chamber, climate testing and EV charging laboratory Square Campus enhances collaboration with ... [continued] The post Hyundai Motor Group Opens New European Test Facility to Lead Development of Next-Generation Technology appeared first on CleanTechnica .