Toyota Tsusho considering strategic partnership for developing and operating EV charging infrastructure in China
Japan-based Toyota Tsusho Corporation, a Toyota group company, is considering building a strategic partnership for the promotion and operation of electric vehicle charging infrastructure business in China. Partners would include China Potevio Company Limited, a major information communication systems company in China, and an automotive parts manufacturer, Chongqing Changpeng Industry (Group) Co., Ltd.
China Potevio builds and operates infrastructure for charging electric vehicles in China through its subsidiaries. In Shenzhen, the company 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. 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.
Toyota Tsusho notes that the new energy automotive field in China has been undergoing “remarkable” development, and is therefore considered to offer huge prospects for business.