SK Signet and HUBER+SUHNER to Collaborate on Advancing EV Charging Technology

SEOUL, South Korea – SK Signet Inc., a top global manufacturer of EV charging solutions for both consumer and commercial vehicles, and HUBER+SUHNER AG, a global leader in electrical and optical connectivity solutions, have signed a Memorandum of Understanding (MOU) to share expertise and knowledge to help accelerate global development of charging infrastructure for electric vehicles.

The MOU is intended to spur innovations in EV charging infrastructure to support the growth of EVs. According to the IEA’s Global Vehicle Outlook 2022, the number of publicly available EV charging stations reached 1.8 million units in 2021, a 37% increase from the year before. The growth, however, wasn’t fast enough to keep pace with EV sales. By 2030, this number will need to increase twelve-fold to meet publicly stated goals for electrification, the report says.

SK Signet, formerly Signet EV, was acquired last year by SK Inc., the strategic investment arm of South Korea’s SK Group. SK Signet has sold more than 20,000 EV charging stations worldwide and is a market leader in fast and ultra-fast charging technology. It has established a U.S. headquarters in Tysons, Virginia, to support a growing global business.

“Car-buyers are showing a strong interest in EVs to reduce their impact on the environment and their dependence on gas, but they don’t want to give up the convenience of a quick fill-up at their local service station,” said SK Signet CEO Jung Ho Shin. “By sharing knowledge and expertise, SK Signet and HUBER+SUHNER hope to gain new insights that help us each advance our EV charging technology and provide consumers faster ways to recharge their vehicles.”

“We are very proud of our ongoing collaboration with SK Signet to advance safe, high performance and reliable charging solutions for the fast-growing EV market,” said Francisco Fraga, SVP Sales – Industrials for HUBER+SUHNER. “SK Signet was one of our first partners for Electrify America and we are confident that with our combined expertise and exceptional quality standards, we will continue to innovate the industry well into the future.”

HUBER+SUHNER boasts the largest number of installed cooled, high-power charging (HPC) systems for EV charging stations in the world.

About SK Signet

SK Signet is global leader in smart, convenient charging solutions for all types of electric vehicles. The company holds 13 patents globally in EV charging technology. SK Signet is majority owned by SK Inc., the strategic investment arm of SK Group. Based in Seoul, SK Group is South Korea’s second-largest conglomerate with companies that are global leaders in semiconductors, energy, and life sciences. For more information, visit sksignet.com.

About HUBER+SUHNER

The globally active Swiss company HUBER+SUHNER develops and produces components and system solutions for electrical and optical connectivity. The company serves the three main markets Industry, Communication and Transportation with applications from the three technologies of radio frequency, fiber optics and low frequency. HUBER+SUHNER products excel in excellent performance, quality, reliability and long service lives - even under the most demanding conditions. Through a global production network, combined with subsidiaries and representatives in over 80 countries, the company is close to its customers worldwide.