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Ziwo to produce and sell electric-vehicle chargers in $2 mil joint venture project

Michelle Zhu Published on Thu, Apr 20, 2017 / 8:28 AM GMT+8

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SINGAPORE (April 20): Ziwo Holdings says its associate company, Beijing E-Star Electric Technology, will be forming a joint venture (JV) with partners Haboat Investment and Chengdu Yaneng to invest a combined RMB10 million ($2 million) in building electric-vehicle chargers for sale in Sichuan and other provinces in southern China.

A production and marketing centre in Sichuan’s capital, Chengdu, will be established as part of the project.

The deal takes place a month after Beijing E-Star entered into a strategic agreement with property developer Tai Yu Realty to build 160 electric-vehicle charging stations in Huizhou city.

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Ziwo to produce and sell electric-vehicle chargers in $2 mil joint venture project