Chaevi in deal to supply EV chargers to the UAE

Core Insights - Chaevi Company Ltd has partnered with a major infrastructure development company in the UAE to establish an EV charging network and expand operations in the Middle East [1] Group 1: Partnership and Agreement - Chaevi has signed an initial agreement worth US$ 5.5 million to supply 1,000 EV chargers to Emirates Electrical Engineering LLC over the next two years [2] - The Al Rostamani Group, a subsidiary of Emirates Electrical Engineering LLC, is the only private company in the UAE with a charging point operator business license [2] Group 2: Product Offering - Chaevi will supply a full range of EV chargers, including low-cost 11 kW chargers and rapid chargers with capacities up to 100 kW [3] - The chargers will be installed in key buildings across Dubai, starting with those owned by the Al Rostamani Group [3] Group 3: Company Background - Chaevi is a leading EV charger manufacturer in South Korea, with approximately 10,000 chargers installed domestically and exports to the US, Europe, and Southeast Asia [4] - The company is preparing for an initial public offering (IPO) to list its shares on the South Korean Kosdaq stock exchange [4]