Electric vehicle manufacturer BYD Singapore, and electric charging infrastructure provider Charge+, have forged a strategic partnership to offer discounted electric charging rates in Singapore.

The duo said in a statement on Friday that they have signed a memorandum of understanding (MOU) to forge the new partnership.

According to the statement, this collaboration is set to bring exclusive benefits to new BYD retail passenger vehicle owners in Singapore by offering discounted rates for electric charging usage.

The MOU also signifies a mutual commitment in promoting sustainable mobility solutions and enhancing the experience of owning electric vehicles.

Under the partnership, new BYD retail passenger vehicle owners in Singapore will enjoy a 20 percent special discounted rate on charging services provided by Charge+’s public charging network for a period of three years upon verified subscription.

Charge+’s subscribers residing in condominiums equipped with Charge+ EV charging stations will have an alternative option to enjoy two months of free charging per annum for a period of three years.

The partnership also represents a strategic alliance between BYD Singapore and Charge+, combining BYD’s innovative electric vehicle technology with Charge+ expertise in developing a robust and accessible charging infrastructure.

By promoting affordable and convenient electric charging, both companies also aim to contribute to Singapore’s sustainable transportation ecosystem and reduce carbon emissions.

“We are thrilled to embark on this partnership with Charge+,

“Together, we aim to make electric mobility more accessible and appealing to Singaporeans by providing discounted charging rates for new BYD retail passenger vehicle owners,” said James Ng, Managing Director of BYD Singapore.

Meanwhile, Charge+ Chief Executive Officer Goh Chee Kiong said that the collaboration with BYD Singapore marks a significant milestone in their commitment to fostering sustainable transportation.

“We believe that affordable charging solutions are crucial in accelerating the adoption of electric vehicles, and this partnership aligns perfectly with that vision,” he added.

BYD, a multinational high-tech company established in 1995 initially as a rechargeable battery maker, has evolved into a diverse entity with a broad business scope encompassing automobiles, rail transit, new energy, and electronics.

Devoted to leveraging technological innovations for the betterment of life, the firm is committed to providing zero-emission energy solutions that contribute to the global reduction of reliance on fossil fuels.

The company’s new energy vehicle footprint spans six continents, over 70 countries and regions, and more than 400 cities.

With listings on both the Hong Kong and Shenzhen Stock Exchanges, BYD is recognized as a Fortune Global 500 enterprise.

Founded in 2003, BYD Auto is the automotive subsidiary of BYD.

Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles.

The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, and electronic controllers.

In recent years, BYD has experienced noteworthy technological strides, introducing advancements such as the Blade Battery, DM-i Super Hybrid Technology, e Platform 3.0, CTB Technology, e4 Platform, BYD DiSus Intelligent Body Control System, and DMO super hybrid system.

The company is the world’s first carmaker to stop the production of fossil-fuelled vehicles on the EV shift and has remained top of new energy passenger vehicle sales in China for ten years in a row.

Charge+ is a premier integrated EV charging solution provider, dedicated to fostering the widespread adoption of electric mobility across Southeast Asia.

Its comprehensive suite of integrated solutions includes a proprietary ultra-slim charger, cutting-edge smart charging software, and innovative business models.

As the largest EV charging operator in Singapore, Charge+ boasts over 1,500 charging points across Southeast Asia, establishing itself as a pivotal player in the region.

The company sets ambitious goals, aiming to expand its charging network to 30,000 points by 2030.

Charge+ holds a unique position as a comprehensive charging operator, catering to public housing, condominiums, commercial establishments, and industrial buildings.

Utilizing Singapore as a strategic hub, Charge+ extends its operations into Malaysia, Thailand, Vietnam, Indonesia, and Cambodia.

Moreover, the company has embarked on the implementation of a significant 5,000-kilometer EV charging highway stretching from Singapore to Hanoi.

Warren Buffet-backed China’s EV giant BYD debuts in Indonesia – report