Agreement concluded for promotion of electric vehicle charging
infrastructure business in China
2011-12-21
Toyota Tsusho
Corporation (hereinafter referred to as "Toyota Tsusho"; headquarters:
Nagoya, Japan; president: Jun Karube) has agreed to consider building a
strategic partnership pertaining to an automobile-related new energy
business. This business includes the operation of a charging
infrastructure for electric vehicles in China, with a major information
communication systems company in China, China Potevio Company Limited
(hereinafter referred to as "China Potevio") and an automotive parts
manufacturer, Chongqing Changpeng Industry (Group) Co., Ltd.
(hereinafter referred to as "Changpeng Group").
China Potevio
aggressively builds and operates infrastructure for charging electric
vehicles in China through its subsidiaries. In particular, at Shenzhen
in China the company set up, constructed, and started operating
charging stations for electric buses and electric taxis at 57
locations, in preparation for the Shenzhen Universiade held in August
this year. Furthermore, the company plans to implement charging
infrastructure businesses in multiple cities other than Shenzhen in the
future. The company has become one of the major companies implementing
charging infrastructure for electric vehicles in China.
Toyota Tsusho set up a
Green Mobility Solution Group as a cross-divisional task force within
the company in 2010, to focus efforts on next-generation,
automobile-related businesses.
The new energy
automotive field in China has been undergoing remarkable development,
and is therefore considered to offer huge prospects for business.
Taking the conclusion of this agreement as an opportunity, Toyota
Tsusho aims to partake in a broad range of interests in the charging
infrastructure business, as well as businesses for supplying,
modifying, and developing components for electric cars.
1. Summary of China Potevio
Company Limited
Location
Haidian
District, Beijing, China
Representative officer
Xing Wei
Capital
Approx.
JPY 25.0 billion
Principal businesses
Manufacture and sale of communication equipment and systems
2. Summary of Chongqing
Changpeng Industry (Group) Co., Ltd.
