The recent establishment of a joint venture between Tellus Power Globe Holding Limited, BinHendi Holding, and Sing Family Enterprise Group marks a significant development in the electric vehicle (EV) sector as it lays the groundwork for one of the first EV charger manufacturing companies in the Middle East. Supported by the UAE Ministry of Investment, this collaboration aims to bolster the region’s e-mobility infrastructure by producing advanced charging technologies, including DC and AC equipment with vehicle-to-grid functionality. This venture not only seeks to meet the growing demand for EV infrastructure across the UAE and GCC countries but also underscores the UAE’s commitment to becoming a regional hub for sustainable technologies and innovation in EV infrastructure.
In other trading, Fortune Electric was a standout up 8% and ending trading at NT$595.00. At the same time, VinFast Auto trailed, down 6% to end trading at $3.45.
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