ChargeSini: Brighter outlook for EV charging point operators with cheaper EVs, improved driving range

KUALA LUMPUR, April 24: The outlook for CPO or Charge Point Operators for EVs (electric vehicles) has become brighter in Malaysia as EV manufacturers bring down the cost of their vehicles while improving their driving range, says Bruce Sui, business development lead of ChargeHere EV Solution Sdn Bhd, an electric mobility service provider (EMSP).

EMSPs provide EV charging stations to drivers and maintain business relationships with them.

ChargeHere, which uses the ChargeSini brandname, was founded slightly more than two years ago by people with experience and expertise in e-commerce and engineering solutions in view of the trend towards EVs. Today, it is also one of the top CPOs in Malaysia.

China, the biggest market for EVs at 8.9 million units in 2023 alone as well as the biggest manufacturer of EVs in the world, has seen price falls by about RM60,000 per vehicle in the last 12 months.

“It’s a good sign for us now that Proton is said to launch an EV model by the end of this year and Perodua is expected to do so next year,” Sui said in an interview with Weekly Echo.

ChargeHere recently signed an MoU with KTC Group Sdn Bhd, which is building the Iskandar Heights technology park in Seri Iskandar in Perak, to explore the potential of installing some 40 EV charging bays at the property project.

Sui said the switch to more EVs would also benefit owners of office buildings, retail outlets, shopping malls and fuelling stations as more charging stations are installed by CPOs at no extra cost to them while they also get to share the charging fees paid by owners of EVs.

“Installation of the charging equipment and bays is done by CPOs,” he explained.

Sui said as more building owners provide EV charging facilities, this would also enhance the value of their properties.

To facilitate the shift towards EVs and address the relatively shortage of EV charging stations, Sui said ChargeHere is expanding its charging points coverage in the country.

ChargeHere has also introduced an app for all EV drivers to enable them to locate the nearest charging point, charge and pay.