IONITY
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Operates a pan-European ultra-fast charging network delivering 350 kW+ at premium highway locations. Over 600 stations across 24 European countries, backed by BMW, Mercedes, Ford, VW, and Hyundai. Targeting 17,000+ charge points by 2030 to become the backbone of long-distance EV travel across Europe.
Key Milestones
Nov 2017
Launch
Founded as JV of BMW, Daimler, Ford and VW Group (Audi/Porsche); planned 400 European HPC stations by end-2020 at 350 kW - explicit response to Tesla Supercharger's competitive moat in Europe
Apr 2018
Commercial
First IONITY HPC station opens at Brohltal-Ost services on the A61 in Germany delivering 350 kW per stall using ABB Terra HP cabinets; Europe's first true HPC site rated for next-gen 800V vehicles ahead of Porsche Taycan launch
Sep 2019
Partnership
Hyundai Motor Group joins as fifth shareholder, providing additional capital for European expansion; aligns with Hyundai E-GMP 800V architecture launch in 2021
Nov 2021
Milestone
BlackRock Climate Infrastructure leads EUR 700M financing round alongside existing OEM shareholders; targets 7,000 HPC plugs by 2025 - 4x then-existing footprint with first independent infrastructure-fund anchor
Dec 2022
Milestone
Network reaches 500 stations across 24 European countries; passes the 'every 60 km on TEN-T network' AFIR coverage test on most German/French/Italian motorways
Jun 2024
Milestone
Crosses 600 stations / ~3,500 HPC plugs; passes the AFIR "every 60 km on TEN-T" coverage test on most corridors - on-track for 7,000 plugs by 2025 from BlackRock financing
Sep 2025
Product
Launches "IONITY Plus" subscription with discounted rates (up to 30% off pay-as-you-go); first major European HPC tariff overhaul aimed at slowing Tesla and Fastned subscription churn
Feb 2026
Expansion
Announces 2030 plan: 13,000+ HPC plugs across Europe with 400 kW capable cabinets; raises EUR 600M green loan facility from BlackRock-led infrastructure consortium