This Week In Electric Vehicles - Middle East Advances With New EV Charger Manufacturing Venture

The recent establishment of a joint venture between Tellus Power Globe Holding Limited, BinHendi Holding, and Sing Family Enterprise Group marks a significant development in the electric vehicle (EV) sector as it lays the groundwork for one of the first EV charger manufacturing companies in the Middle East. Supported by the UAE Ministry of Investment, this collaboration aims to bolster the region’s e-mobility infrastructure by producing advanced charging technologies, including DC and AC equipment with vehicle-to-grid functionality. This venture not only seeks to meet the growing demand for EV infrastructure across the UAE and GCC countries but also underscores the UAE's commitment to becoming a regional hub for sustainable technologies and innovation in EV infrastructure.

In other trading, Fortune Electric (TWSE:1519) was a notable mover up 8% and finishing the session at NT$595.00. At the same time, VinFast Auto (NasdaqGS:VFS) lagged, down 6% to end trading at $3.45.

VinFast Auto's aggressive expansion in Southeast Asia could rapidly alter the EV landscape. Discover how VinFast's strategy may impact the market by clicking here.

For more insights on Electric Vehicles, check out our Market Insights article, "Opportunities in the Turbulent Transition to Greener Energy," which discusses challenges and opportunities as the industry navigates decarbonization. Don't miss this essential read for staying ahead.

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Sources:

• Simply Wall St
• "Tellus Power Globe Holding Limited, BinHendi Holding and Sing Family Enterprise Group Sign Joint Venture Agreement to Launch One of the First EV Charger Manufacturing Companies in Middle East with Support of UAE Ministry of Investment" from Tellus Power on GlobeNewswire (published 17 June 2025)

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