GS Caltex Partners with Korea Electric Power Corporation to Develop Corporate Electric Vehicle Charging Model

GS Caltex to Promote Charging Business Targeting Corporate Customers Using Electric Vehicles

[Asia Economy Reporter Hwang Yoon-joo] GS Caltex is accelerating the expansion of the electric vehicle ecosystem by partnering with Korea Electric Power Corporation (KEPCO).

On the 25th, GS Caltex signed a memorandum of understanding (MOU) for a partnership to develop a 'corporate electric vehicle charging service model' with KEPCO at the GS Tower in Gangnam-gu, Seoul, aiming to secure corporate electric vehicle customers and expand charging infrastructure.

Through this MOU, both companies will promote charging services targeting GS Caltex's corporate customers who use electric vehicles. GS Caltex's corporate electric vehicles will be able to use KEPCO's nationwide charging infrastructure of over 8,600 stations. GS Caltex also plans to offer various additional services such as car washing and maintenance, currently provided at gas stations, to corporate customers using KEPCO's electric vehicle charging facilities.

Furthermore, to allow electric vehicle customers to enjoy the accessibility of the gas station network, GS Caltex will accelerate the expansion and distribution of fast chargers at its gas stations. Both companies recognize the necessity of electric vehicle charging infrastructure through gas stations and are considering expanding the installation of fast chargers at GS Caltex gas stations nationwide.

Additionally, GS Caltex and KEPCO will jointly develop a system to enable interoperability between their electric vehicle charging platforms. They plan to make the currently incompatible charging fee payments mutually accessible. Customers of each company will be able to freely use charging cards interchangeably.

A GS Caltex official stated, "We expect customer convenience for electric vehicle users to be greatly enhanced through this partnership with KEPCO," adding, "We will continue to cooperate with related industries to expand the electric vehicle ecosystem."

Meanwhile, GS Caltex operates 46 fast chargers of 100kW or higher at 40 locations nationwide and plans to install fast chargers at 70 gas stations by the end of this year.