The company has established a strong presence in Europe: it set up its European branch in December 2022 and won its first EV charging project the same year. SK Signet says it participated in Move London 2023 to further strengthen its EV presence in Europe.
Move, which began in 2019, is a leading global mobility event dedicated to technology and innovation. It is held annually in Europe, Asia, and the US, and is designed to help businesses and governments source the latest mobility solutions that are safe, secure, and sustainable. Last week’s event was the largest one so far with over 6,000 attendees and 700 speakers from the automobile and EV related industries.
SK Signet said Move provided a good opportunity to exhibit for the first time its charging solutions to the public in Europe. The company showcased the V2, its 400kW ultra-fast charger that was previously unveiled at CES 2023.
The V2 can charge two vehicles with a single dispenser and a single port can deliver up to 400kW. It can charge an 800V electric vehicle up to 80% within 15 minutes, making it the fastest EV charger in the world according to SK Signet. The charger can also support Tesla's NACS charging couplers in addition to the conventional CCS and CHAdeMO couplers, making it compatible with virtually all types of EVs. The V2 will be manufactured at SK Signet's Yeonggwang plant in Korea and its Plano, Texas plant in the US from next month, allowing a quick response to customer orders.
SK Signet also displayed its prototype model of the Megawatt Charging System, which can supply megawatts of power to vehicles. The MCS charger can provide more than 1000kW power and is suitable for charging heavy-duty vehicles with large batteries, such as trucks and buses. There is also potential for future expansion to ships, industrial vehicles, urban aviation, agricultural machinery, and heavy-duty equipment. The MCS market is forecast to grow to about US$4.2 billion by 2027, with an average annual growth rate of 29%.
SK Signet plans to commercialise its MCS chargers that adhere to international standards set by CharIN, the international EV charging association for promoting and supporting the Combined Charging System, in 2025.
