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Asian Viewpoints

TotalEnergies acquired EV charging business in Singapore

TotalEnergies, a major French energy company, acquired Singapore's electric vehicle (EV) and charging company Bluecharge on Jul 28. Singapore's Blue SG has decided to sell Bluecharge French conglomerate Bolloré Group, and TotalEnergies has agreed with Bolloré to acquire Bluecharge. Bluecharge is the largest EV charging facility operator in Singapore, operating approximately 1,500 points, which accounts for 85% of all domestic charging facilities. In addition, Blue SG has been operating a car sharing business in Singapore since 2017. TotalEnergies already has EV charging operations in Paris, Amsterdam, London and Brussels in response to global energy transition movements. TotalEnergies aims to expand its business in Southeast Asia with the start of operations in Singapore. EV charging facilities are expected to expand to 60,000 points in Singapore by 2030. Bluecharge's charging facilities are available to users that pay an annual fee of $20, with charges at $1 per hour for the first three hours of charging, and $2 per hour subsequently.

Singapore : Energy Desk  Satoshi Hagimoto   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.