South Asia region eyes EV fast-charging network
The fast charging technology aims at cutting charging time from the current charge of 30 minutes to between 5-10 minutes.
Ideanomics Inc. has announced it has entered into a strategic agreement with Three Gorges Power Energy Management Co., Ltd., Tianda Energy (Shenzhen) Co., Ltd., and Shenshang Technology (Shenzhen) Co., Ltd., to promote and distribute methanol, and solid hydrogen based EV fast-charging solutions, into existing fuel station networks, as well as residential and industrial areas.
These new energy management solutions will be part of an integrated network access that includes large industrial and commercial compounds, as well as other areas of vehicle concentration throughout China and the ASEAN region. The partnership's directive is to develop technology with vastly improved efficiency and access as part of the shift away from fossil fuel powered vehicles, while developing more convenient fuel charging areas in addition to utilizing the extensive network infrastructure of fuel stations such that these assets are redeveloped over time and not simply abandoned.
Together the partners will support the new energy vehicles market with convenient places to access power, charging, network, communications, data access points, and more.
This strategic cooperation between the partners will focus on the energy storage and energy station acquisition business. Ideanomics will lead the business development efforts and the other strategic partners will provide the implementation strategy and domain expertise.
