SK ties up with BlackRock-backed Korean startup for EV chargers

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TO SPEED UP ELECTRIFICATIONWater founded in 2022 is expanding ultra-fast charging infrastructures in South Korea to become one of the three largest players in three years.“We must quickly increase fast and ultra-fast chargers for drivers’ convenience at heavy traffic zones such as rest areas on highways and local transportation bases to accelerate electrification,” said Bright Energy Chief Investment Officer Yu Daewon, who manages Water.

SK Signet and Water also agreed to collaborate on the installation of ultra-fast chargers for electric buses and trucks while improving infrastructures to deal with diversifying electric vehicle models.“Through the partnership with Water, we aim to contribute to the popularization of EVs while further expanding the domestic ultra-fast charging infrastructures,” said SK Signet Chief Marketing Officer Joon Park.

SK Signet Inc., South Korea’s electric vehicle charger manufacturer, joined hands with a local renewable energy startup backed by global asset manager BlackRock to speed up the expansion of ultra-fast charging infrastructures in the country.

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Article Details

Category: Economy

Markets: South Korea

Topics: User Chargers Ultra-fast Korea’s Infrastructures Water Electric Signet South Charging Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 16:18:17 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 300 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 21682265

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