Tellus Power, an Irvine-based supplier of electric vehicle (EV) chargers, has announced a significant joint venture in the United Arab Emirates (UAE). This collaboration, forming ‘Tellus Power MENA’ with BinHendi Holding and China’s Sing Family Enterprise Group, aims to establish one of the first EV charging equipment manufacturing companies in the Middle East, bolstering the region’s EV infrastructure.
UAE Accelerates EV Infrastructure Development
The establishment of Tellus Power MENA marks a pivotal moment for the UAE’s electric vehicle ecosystem. This new entity will focus on the local manufacturing of advanced EV charging solutions, including the adoption of bidirectional vehicle-to-grid technologies across the Gulf Cooperation Council (GCC) region. The initiative is set to significantly speed up the availability and accessibility of EV charging infrastructure.
Key Players in the Joint Venture
The joint venture brings together a powerful triumvirate:
- Tellus Power: A California-based supplier of EV chargers, bringing its expertise in charging technology.
- BinHendi Holding: A prominent UAE-based conglomerate.
- Sing Family Enterprise Group (SFE Group): A Chinese entity, contributing to the manufacturing capabilities.
Government Support and Strategic Vision
The UAE Ministry of Investment played a crucial role in facilitating this venture, demonstrating the government’s commitment to fostering a robust automobile manufacturing and support industry within the country. The Ministry’s involvement spanned from introducing business partners and conducting due diligence to actively supporting negotiations and providing strategic investment guidance. This support highlights the UAE’s broader vision to become a hub for advanced manufacturing and sustainable technologies.
Key Takeaways
- The joint venture, Tellus Power MENA, will manufacture EV charging equipment locally in the UAE.
- This initiative is a significant step towards accelerating EV adoption and infrastructure development in the GCC.
- The UAE Ministry of Investment provided substantial support, underscoring the government’s strategic focus on developing the automotive and related industries.
- The collaboration aims to implement advanced charging solutions, including vehicle-to-grid technologies.
Sources
- Irvine-Based Tellus Signs EV Charger Agreement in UAE, Orange County Business Journal.
- EV charging: New UAE company – Tellus Power MENA, Gulf News.
