SK Signet to launch EV chargers with Tesla's charging standard

FILE PHOTO: Newly installed car chargers at a Tesla Super Charging station are shown in Carlsbad, California, U.S. Sept. 14, 2018. REUTERS/Mike Blake

(Reuters) - Electric-vehicle (EV) charger maker SK Signet said on Thursday it was adding products compatible with the North American Charging Standard (NACS), after major U.S. automakers Ford and GM said they were adopting Tesla's model of charging.

Electric vehicle charging companies are cautiously embracing Tesla's charging technology as the main U.S. standard, as they are in danger of losing out on customers if they offer only the Combined Charging System (CCS).

Earlier this week, EV charging equipment makers Blink Charging, ChargePoint and Tritium said they will offer chargers with Tesla's connector.

SK Signet, which is part of South Korea's SK Group, said it has started development of its ultra-fast chargers that meet NACS standards and expects to release a compliant product in 2023 enhancing accessibility for more EV owners.

The White House last week said that EV charging stations that offer Tesla plugs would be eligible for billions of dollars in federal subsidies as long as they included CCS connectivity. The White House aims to spur deployment of hundreds of thousands of chargers, which it sees as integral to EV adoption.

The rare agreements between Tesla and each of the two U.S. automakers will put them on course to control more than 60% of the country's EV market.

SK Signet will continue to provide customers with the option of other widely used standards for EV charger connections, including the CCS, CHAdeMO and the Megawatt Charging System.

(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Maju Samuel)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Tech News

Apple to open Malaysia store on June 22 in South-East Asia push
Tesla settles fatal crash suit as another jury trial loomed
US billionaire plans dive to the Titanic in a newly designed submersible
Elon Musk dominates space launch. Rivals are calling foul.
US tech firm settles allegations over whites-only job listing
Ex-OpenAI board member provides her first detailed account of CEO ouster
Musk's Starlink back up after brief outage
Take this test to find out if social media really makes you happy
The steering wheel of the future could be square
Cathie Wood's Ark buys stake in Musk's xAI, Bloomberg News reports

Others Also Read