TAIPEI - AcBel Polytech Inc. (TWSE: 6282), a Taiwanese power supply company, has announced a collaboration with ChargePoint (NYSE:CHPT) Holdings, Inc. (NYSE: CHPT), a prominent networked electric vehicle (EV) charging solutions provider. This strategic partnership aims to co-develop advanced EV charging solutions, leveraging the strengths of both companies to expand their foothold in the electric mobility market.
The collaboration will combine ChargePoint's extensive experience in the EV charging infrastructure sector with AcBel's expertise in power design and the manufacturing capabilities of Kinpo Group, AcBel's parent company. The joint effort is expected to enhance the reliability and efficiency of EV charging services, addressing the increasing demands of the EV market.
ChargePoint currently manages a significant network of more than 274,000 active charging ports across North America and Europe. With the added engineering, design, and production resources from AcBel and Kinpo Group, the company anticipates bringing its products to market more quickly and cost-effectively while maintaining high standards of quality and reliability.
Jerry Hsu, Chairman of AcBel, described the collaboration as a transformative step for the company, expanding its business in the EV sector and optimizing corporate interests. Andrew Chen, CEO of Kinpo Group, expressed confidence that the alliance would strengthen their competitive position in the EV charging market and contribute to the global EV industry's growth.
Rick Wilmer, CEO of ChargePoint, highlighted the partnership's significance in evolving their product development strategy. He emphasized the operational and cost benefits expected from the collaboration, including faster market delivery of ChargePoint's world-class EV charging solutions without compromising on quality and durability.
AcBel has diversified its portfolio in recent years, focusing on clean and efficient energy solutions for electric vehicles and solar farms. Similarly, Kinpo Group has established a broad presence in various technology sectors, offering comprehensive manufacturing solutions.
This collaboration is based on a press release statement and represents a strategic move to innovate within the EV charging landscape, potentially benefiting both companies and the broader electric mobility market.
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