Using EVs as 'Backup Batteries'... Hyundai Motor Group Launches Global V2X Service 'AllDayEnergy'

Launch of 'AllDayEnergy My Choice Savings Account'
in Partnership with Hana Bank,
Offering Up to 4.5% Interest

Hyundai Motor Group is launching a 'V2X (Vehicle-to-Everything)' service that utilizes electric vehicle batteries as an energy source.

Hyundai Motor Group announced on July 21 that it is introducing the global V2X integrated service, 'AllDayEnergy', and, in partnership with Hana Bank, is launching the 'AllDayEnergy My Choice Savings Account'.

Hyundai Motor Group Hana Bank All Day Energy Savings Account. Hyundai Motor

V2X is a technology that connects electric vehicle batteries to the power grid, enabling users to reduce charging costs and generate additional income. By charging electric vehicles during off-peak hours when electricity is cheaper, and then using the stored electricity or supplying it externally when needed, users can minimize energy expenses.

Hyundai Motor Group has operated various V2X services independently in multiple regions around the world. In Korea, it is piloting a 'V2G (Vehicle-to-Grid)' service on Jeju Island that allows electric vehicles to store power from the grid or supply power back to it. In the United States, it has provided a 'V2H (Vehicle-to-Home)' service that enables electric vehicles to serve as emergency home power sources in situations such as large-scale wildfires.

In the Netherlands, in addition to the V2G service, the company has introduced the 'V1G (Smart Charging)' service, which intelligently controls the charging speed of electric vehicles based on electricity rate fluctuations.

Hyundai Motor Group plans to integrate these diverse services and consistently provide a reliable user experience to global customers. Starting in the United Kingdom, the company will roll out the 'AllDayEnergy service' sequentially in major countries via the Hyundai Motor Group brand's vehicle app.

In particular, in partnership with Hana Bank, Hyundai Motor Group is offering a promotional event for the 'AllDayEnergy My Choice Savings Account'. Up to 5,000 new account holders will be eligible to receive an annual interest rate of up to 4.5%. Eligible deposits are up to 500,000 won per month, and the contract period is six months.

A Hyundai Motor Group representative stated, "We aim to provide customers with a consistent and trustworthy energy service experience," adding, "'AllDayEnergy My Choice Savings Account' is the first collaboration between financial and energy services. It demonstrates that familiar financial products such as savings accounts and preferential benefits will now be available through V2X services, and we will actively work toward making V2X mainstream."

This content was produced with the assistance of AI translation services.