Electric vehicle manufacturer BYD Singapore has partnered with Charge+, a leading integrated EV charging solution provider for Singapore and Southeast Asia.
Read also – AquaExchange Raises $6M Series A Funding Round
To create the new alliance, they have inked a memorandum of understanding (MOU).Through this partnership, new BYD retail passenger car owners in Singapore will receive special incentives, including reduced prices for EV charging. The MOU also denotes a shared commitment to advancing environmentally friendly transportation options and improving the ownership experience of electric cars.
Read also – Groyyo Raises $5.4 Mn in Debt Funding Round
As per the arrangement, upon confirmed subscription, new owners of BYD retail passenger vehicles in Singapore would receive a special reduced rate of 20 percent on charging services offered by Charge+’s public charging network for a duration of three years.
Read also – Flowdesk Raises $50m Series B Funding
“We are thrilled to embark on this partnership with Charge+, “Together, we aim to make electric mobility more accessible and appealing to Singaporeans by providing discounted charging rates for new BYD retail passenger vehicle owners, “We believe that affordable charging solutions are crucial in accelerating the adoption of electric vehicles, and this partnership aligns perfectly with that vision,” said James Ng, Managing Director of BYD Singapore.
Read also – Singtel adds Starlink Connectivity to its Maritime Portfolio of Services
BYD Singapore and Charge+ also plan to lower carbon emissions and support Singapore’s sustainable transportation environment by encouraging accessible and inexpensive electric charging.
Read also – The Parentinc Acquires Motherswork, Asia’s Premium Retailer
About BYD Singapore
Established in 1995, BYD is a top high-tech enterprise in China specializing in IT, automobile, and new energy.BYD is the largest supplier of rechargeable batteries in the globe, and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers and keypads worldwide. It also has the second largest market share for cell-phone shells in the globe.
Read also – UAE-based G42 Announced Investment in Analog
About Charge+
Charge+ is a leading integrated EV charging solution provider for Singapore and Southeast Asia, with the mission to catalyse the proliferation of electric mobility in this region. Our suite of integrated solutions include a proprietary ultra-slim charger, smart charging software and innovative business models. Charge+ will implement 30,000 charging points across Southeast Asia by 2030, including 16,000 in Singapore alone. Today, Charge+ operates in six countries: Singapore, Malaysia, Thailand, Vietnam, Indonesia and Cambodia.
Read also – Encompass Acquires CoorpID and Blacksmith KYC From ING
