24 May, 2024
chargEV and KINETA enter into a strategic alliance to accelerate the growth of Malaysia’s EV charging infrastructure
chargEV, a business of Yinson GreenTech (“YGT”), which has pioneered electric vehicle (“EV”) charging infrastructure in Malaysia’s as a leading Charge Point Operator (“CPO”), today unveiled its strategic collaboration with KINETA, a subsidiary of Sime Darby Berhad, an end-to-end provider of EV Supply Equipment. chargEV and KINETA are brought together by their common goal of providing market-leading EV charging solutions that enable businesses and consumers to recharge seamlessly as they transition from Internal Combustion Engines (“ICE”) vehicles to EVs.
The collaboration between chargEV and KINETA will include:
- Providing KINETA customers with access to chargEV’s extensive EV charging infrastructure network in Malaysia
- Combining their technical, financial and operational strengths to jointly bid for selected large business tender exercises in Malaysia and the region
- Allowing both parties to leverage the business ecosystem of established parent companies by bringing together the network of the Yinson and Sime Darby groups
Notably, KINETA boasts one of the largest Suruhanjaya Tenaga (ST)-certified team of 40 electrical engineers to ensure the safety and regulatory compliance of all home and business installations. Their unwavering dedication to delivering exceptional technical support and services to consumers and business partners fosters enduring trust in their offerings. Additionally, KINETA also has a full-fledged in-house team for customer service, after sales support, technical support and warranty management, ensuring comprehensive support throughout their customers’ journey.
“Battery Electric Vehicles only made up 1.45% of new car sales in 20231, but as demand for fully electric vehicles grows, so will the demand for easily accessible, reliable, and seamless charging infrastructure,” said SengTeong Chua, Managing Director of chargEV. “The focus on a frictionless experience has been our driving motto as we continue to grow the chargEV footprint in Malaysia and beyond. We recognize the need to work with partners that share the same vision and commitment to excellence. With KINETA’s solid track record in delivering high-quality installation, customer-centricity, and an innovative approach to product development, we believe this is just the start of an electrifying partnership.”
Sunny Lee, Managing Director of KINETA, said, “We are thrilled to join forces with chargEV to provide an end-to-end solution for all EV charging needs. By combining our technical expertise with chargEV’s position as Malaysia’s largest CPO, we are confident that we can support meeting the government’s goal of having 10,000 EV charging stations in the coming years2.”
Through the Low Carbon Mobility Blueprint and National Energy Transition Roadmap3, Malaysia aims to have EVs account for 15% of the total industry volume by 2030 and 80% by 2050. Through this alliance, KINETA and chargEV are strategically poised to capture the momentum of growth in sustainable urban mobility and empower Malaysians to make the switch to EVs today.
References
1https://www.bernama.com/en/news.php?id=2280968
2https://www.thestar.com.my/business/business-news/2024/04/13/will-evs-take-off-in-malaysia
3https://www.mida.gov.my/mida-news/malaysia-on-track-for-ev-revolution/#:~:text=Malaysia%20has%20aimed%20for%20EVs,Energy%20Transition%20Roadmap%20(NETR)
