Porsche and fellow shareholders to invest 700 million euros by 2025
Strategy 2.0: IONITY accelerates expansion of its fast-charging network
ONITY already has the largest network of high-performance charging stations in Europe, which is accessible by the majority of electric vehicles. The joint venture is now ramping up its plans for further expansion. By 2025, the number of charging sites is expected to rise from the current 400 to more than 1,000. This will result in about 7,000 charging points – more than four times as many as the current 1,500.
The IONITY network uses the European charging standard, the Combined Charging System (CCS). The 800-volt technology in the charging stations means that the network can be used to charge the Porsche Taycan at its full potential of up to 270 kW. By using the Porsche Charging Service, Taycan drivers also benefit from a standardised and significantly discounted price at IONITY fast-charging stations; currently 0.33 euros per kilowatt hour.
“We are seeing a clear increase in electromobility and the associated high-performance charging infrastructure. At Porsche, 50 per cent of the cars delivered worldwide by 2025 are expected to be partially or fully electric - more than 80 per cent by the end of the decade. By investing in the IONITY joint venture, we are sending an important signal to customers that elevates the comfort and convenience of travelling in an electric vehicle even further,” says Oliver Blume, Chairman of the Executive Board at Porsche AG.
The IONITY shareholders include BMW Group, Mercedes-Benz AG, Ford Motor Company, Hyundai Motors with KIA, Volkswagen Group with Audi and Porsche, and soon the investment company Blackrock¹.
The IONITY Strategy 2.0: a bigger network offering much greater convenience
IOIONITY charging points will be built not only on Europe’s motorways, but also near major cities and along busy main roads. These future locations will be built with six to twelve charging points. Furthermore, existing sites along routes with high charging demand will be upgraded with additional charging points.
As part of the Oasis flagship concept, IONITY aims to significantly increase convenience and service. In order to do so, the company intends to acquire more land to set up charging parks with their own catering services and connected shops.
Porsche Charging Service with almost 200,000 charging points
Porsche Charging Service gives drivers access to charging points across the globe owned by various providers, including IONITY. Currently, almost 200,000 charging points are connected in Europe, across 20 countries. Among them are around 6,500 charging points with a charging capacity of more than 50 kW DC. Central billing takes place via Porsche. In addition to the network of the IONITY joint venture, Porsche is planning to set up its own fast-charging stations along Europe’s most important transport routes.
With Porsche Destination Charging, customers can charge their electric and plug-in hybrid Porsche models for free at the most popular locations. The programme now provides more than 2,700 AC charging points in over 70 countries, including at selected hotels, restaurants, airports, shopping centres, sports clubs and marinas. Further expansion of the network is in full swing.
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Porsche Korea Ltd. (CEO, Holger Gerrmann) is the 17th subsidiary of parent company Dr. Ing h.c. F. Porsche AG, which marks its 73rd anniversary this year. Porsche Korea commenced opera-tions as official importer and distributor in January 1, 2014. Porsche Korea Ltd. has presented the world’s bestselling sports car, 911 model line-ups, brand’s new iconic model and pure electric vehicle, the Taycan, the mid-engine roadster, 718 Boxster and Cayman, sporty SUVs, Macan and Cayenne, and four-door sedan, Panamera. With four authorized dealer partners which include Stuttgart Sports Cars Ltd., Autostadt Ltd., Deutsch Auto Co., Ltd. and Yongsan Sports Automobile Ltd. (YSAL), Porsche is running 13 Porsche Showrooms, 13 Porsche Service Centres, 3 Porsche Approved Centres, 1 Porsche Studio and Porsche Now, pop-up store in Korea. Porsche Korea has consistently engaged in social responsibility activities corresponding with Porsche brand philosophy. In cooperation with a social welfare foundation, ChildFund Korea, Porsche Korea launched ‘Porsche Do Dream’ campaign with Porsche’s brand identity ‘dream’ as the concept. Within the campaign, ‘Porsche Dream Playground’ builds indoor gymnasiums at elementary schools, ‘Porsche Dream Up’ provides scholarships to children talented in arts or sports, and ‘Porsche Dream Circle’ installs solar panels and creates forest environments, therefore creating an environment where children can follow their dreams to their fullest. In 2021, starting with the launch of ‘Porsche Do Dream Fill the Space’, a new program that supports the performing arts in partnership with the Seoul Foundation for Arts and Culture, followed by ‘Porsche Dream Art Ttareungi’, a public-private partnership (PPP) art project utilizing the Seoul City public bicycle, Porsche Korea continues to introduce a wider range of social contribution activities, reaching from culture, art, and education to the environment.