23 Mar, 2023
Yinson GreenTech’s chargEV enters Singapore through joint venture with LHN, extending cross-border EV charging network
Yinson GreenTech (“YGT”) and Singapore-listed LHN Group, through its subsidiary LHN EVCO Pte. Ltd (“LHNEV”), have signed a joint venture (“JV” or “agreement”) to bring chargEV fast charging hubs and services to Singapore, facilitating easy and accessible cross-border charging between the two countries.
The signing ceremony also celebrated the launch of chargEV’s first charging stations in Singapore, located at 38 Ang Mo Kio Industrial Park.
Gracing the JV signing ceremony and launch was Singapore’s Minister of State for the Ministry of Trade and Industry and Ministry of Culture, Community and Youth, Ms Low Yen Ling. The event marks a significant milestone in the integration of electric vehicle (“EV”) charging infrastructure across borders, empowering EV users to roam freely and seamlessly.
Through the partnership, both parties will jointly contribute to the development of Singapore’s public electric vehicle charging system infrastructure by exploring new locations for the installation of chargEV stations. Under the agreement, YGT will handle the commercialisation, procurement, operation and development of the EV charging infrastructure while LHNEV will handle the installation and maintenance of the EV charging system, as well as provide customer assistance.
As the majority shareholder and operator of chargEV – Malaysia’s largest EV charging network and charge point operator – YGT will leverage on its in-house capabilities to oversee the back-end support system and integrated mobile app. The chargEV app will give users access to chargEV hubs in Singapore as well as an extensive network of 300 charging points in Malaysia with just one-step payment activation. Other app features include real-time tracking of charging status, charging station locations, analytics and rewards.
LHNEV, a subsidiary of LHN Energy – which itself is a subsidiary of the larger LHN Group, specialises in the integration of space optimisation and sustainable energy solutions such as solar panels and EV chargers. The Group, which manages over 70 carparks in Singapore, will focus on developing and managing the newly added high-speed charging stations at its carparks and explore the expansion of these stations to more suitable locations across its carpark network. With their extensive expertise in renewable energy, the LHN Group will also provide the necessary manpower for the operation and maintenance of these charging hubs.
Chief Executive Officer of YGT Mr Eirik Barclay said, “YGT is delighted that our flagship company chargEV, Malaysia’s largest EV charging operator is expanding across the border into Singapore. YGT has always worked with likeminded partners. By partnering with LHN in launching the first cross-border charging network, we are reducing range anxiety for travel across Singapore and Malaysia, making the transition to electric vehicles easier. EV drivers from Singapore and Malaysia will now be able to travel seamlessly across the border using the chargEV app to access our rapidly expanding network of fast and reliable charging stations.”
Users in Malaysia can also access the newly deployed chargers in Singapore starting with Ang Mo Kio from today, with more locations across Singapore to be opened up during the year. Locations that are earmarked for this expansion include Kallang Bahru, Bukit Timah Shopping Centre, Mount Elizabeth Link and 43 Keppel Road.
“This joint venture serves as an excellent opportunity to strengthen relations with likeminded organisations, as the LHN Group and its subsidiary, LHN Energy, further commit ourselves to building a sustainable Singapore for our future generations,” said Kelvin Lim, Executive Director & Group Managing Director of LHN Group. “This EV charging hub represents a significant milestone of the Group’s expansion roadmap, promising a steady growth of our already extensive renewable energy portfolio – which also includes a sizable photovoltaic systems network. We are excited for the future of this partnership and the potential for renewable energy projects to actualise the Singapore green Plan 2030.”