Electric Vehicle Chargers from Korea Installed at Bali Landmark Park... ChargeIn Launches Service

On the 17th (local time), an electric vehicle charging service was launched at Garuda Park in Indonesia with representatives from ChargeIn joint venture and Alamsutra Group in attendance. Jo Kyungjong, Vice Chairman of Tide (from left), Choi Youngseok, CEO of ChargeIn, Stefanus Alamsutra, General Director of Garuda Park at Alamsutra Group, and He Hariadi Seto, CEO, posed for a commemorative photo.

[Asia Economy Reporter Choi Dae-yeol] Electric vehicle charging platform company ChargeIn announced on the 18th that its Indonesian joint venture has started electric vehicle charging services at Garuda Park in Indonesia.

The local joint venture installed two chargers at Garuda Park and began pilot services. Alamsutra Group plans to install chargers at 100 locations including shopping malls, apartments, and hospitals operated in Jakarta. In Bali, Indonesia, where the G20 Summit was held, many electric vehicle chargers from Korean companies such as ChargeIn's joint venture chargers and SK Signet were installed.

The pilot service launch ceremony was attended by ChargeIn CEO Choi Young-seok, He Hariyadi Seto CEO, Tide Vice Chairman Jo Kyung-jong, and Stefanus Alamsutra Group Garuda Park General Director. The joint venture and Alamsutra Group also signed an agreement on site provision and business participation for the charging business on the same day.

Alamsutra Group also decided to consider equity investment in the joint venture. The joint venture confirmed the participation of DP PLN (Power Fund Bank), a subsidiary of Indonesia's state-owned electricity company PLN, as an investor. Separately, the joint venture also agreed to install and operate electric vehicle chargers at the bank of Sinar Mas Group, Indonesia's largest conglomerate.

Indonesia started producing electric vehicles at Hyundai's local factory this year. From next year, electric vehicle subsidies will also be provided, making it a market with high growth potential. CEO Choi Young-seok said, "We completed the charger installation within a month after the joint venture agreement last month, and plan to capture the market at an even faster pace going forward."