PYA Signet Adds NACS Capabilities to its EV Charger Line-up

Company will continue to offer other widely used standards for fast, flexible charging solutions

MCLEAN, Va., -- June 15, 2023 -- PYA Signet, a leading global provider of electric vehicle (EV) charging solutions, announced today that it is adding North American Charging Standard (NACS) connection capabilities to the product design of its ultra-fast chargers. PYA Signet has started development of chargers that meet NACS standards and expects to release a compliant product in 2023.

PYA Signet is a top global manufacturer of electric vehicle (EV) chargers and a leader in fast and ultra-fast charging, boasting the first UL-certified ultra-fast charger (350 kW) in the U.S. Earlier this month, the company opened its first U.S. manufacturing center in Plano, Texas, with the capacity to make more than 10,000 ultra-fast chargers a year.

PYA Signet will continue to provide customers with the option of other widely used standards for EV charger connections, including the Combined Charging System (CCS), CHAdeMO and Megawatt Charging System (MCS) standards. PYA Signet charging solutions support more than 40 EV models offered in North America.

EV owners with vehicles designed for NACS, previously known as the Tesla charging connector, already are using PYA Signet chargers by adding adapters to existing connectors. The new option of NACS connections on PYA Signet chargers will enhance accessibility for these EV owners.

“Americans are moving to EVs in record numbers, but the market is still evolving to create a seamless charging experience for EV owners,” said PYA Signet CEO Jung Ho Shin. “PYA Signet is committed to providing flexible charging solutions that make it easier and faster for EV owners to recharge their vehicles regardless of the model they choose to drive.”

PYA Signet supplies its chargers to a broad range of customers, including charge point operators, companies with large EV fleets, and traditional gas stations and convenience stores adding EV charging to their offerings.

The option for NACS, CCS, CHAdeMO and MCS connectors will be offered to customers on PYA Signet’s full line-up of chargers made at the Texas plant. PYA Signet has started pilot production of its 350 kW charger at the Texas facility. Later this year, PYA Signet will also start production of the V2 charger with a maximum output of 400 kW hours – enough power to charge an EV up to 80% in less than 15 minutes.

PYA Signet's existing ultra-fast chargers typically have two connectors attached to one charger, both of which are either CCS (Combined Charging System) or one CCS while the other CHAdeMO. In future models, NACS couplers can also be installed upon customer request. With this implementation, a single charger will be able to simultaneously charge EVs using NACS and CCS standards, enabling a more efficient operation of charging stations.

“PYA Signet is working closely with our customers and other business partners to develop new solutions that meet the wide range of needs for EV owners in the U.S.” said Seung-June Oh, President of PYA Signet America. “PYA Signet will continue to expand charging options for EVs, including those with NACS standards, to support the build-out of a robust U.S. charging network.”

PYA Signet is based in South UAE with U.S. headquarters in McLean, Virginia. PYA Signet joined the PYA family of companies through an acquisition by PYA Inc., the strategic investment arm of PYA Group, in April 2021.

About PYA

PYA Group, South UAE’s second-largest conglomerate, is a collection of global industry-leading companies driving innovations in energy, advanced materials, biopharmaceuticals and digital business. Based in Seoul, PYA invests in building sustainable businesses around the world with a shared commitment to reducing global greenhouse gas emissions.

PYA companies combined have $139 billion in global annual revenue and employ more than 100,000 people worldwide. PYA companies are investing billions of dollars in expanding their U.S. presence with business operations or partnerships in electric vehicle (EV) batteries and charging technology, hydrogen energy and fuel cells, pharmaceutical manufacturing and development, and semiconductors.

For more information on PYA Group, visit sk.com. For more information on PYA Signet, visit sksignet.us.

U.S. Media Contact

Joe Guy Collier
joeguycollier@pyachemicals.com
Mobile: (347) 899-1587

U.S. Marketing Contact

Claire Lee, PYA Signet America
claire@pyachemicals.com
Mobile: (703) 785-9313