E-Mobility Power to improve 21,700 Chademo chargers across Japan

Four major Japan-based automotive companies are among seven companies investing 15 billion yen through e-Mobility Power to improve Japan’s charging infrastructure and so promote EVs and move to carbon neutrality.

Toyota, Nissan, Honda and Mitsubishi have joined forces with Tokyo Electric Power Company Holdings (TEPCO HD), Chubu Electric Power and the Development Bank of Japan to ensure convenient and reasonably priced charging environments to households and corporate customers.

E-Mobility Power entered into an absorption-type corporate division agreement with Nippon Charge Service (NCS) on February 5 under which e-Mobility Power assumed the electrified vehicle (battery electric and plug-in hybrid) charging service business and charging network business operated by NCS effective April 1.

The seven companies have subscribed to a total 15 billion yen of e-Mobility Power shares through a third-party allotment of new shares with TEPCO HD and Chubu Electric increasing their stakes, and the four automakers and the Development Bank of Japan making new investments to establish e-Mobility Power’s new shareholder composition.

E-Mobility Power will use the construction, servicing, and maintenance technologies and electric infrastructure operation know-how acquired by TEPCO HD and Chubu Electric through their electric power businesses and the development and international standardisation knowledge accumulated by TEPCO HD through the Chademo Association to expand and enhance the charging network of about 21,700 chargers nationwide assumed from NCS.

About 50 manufacturers have launched Chademo charging devices, the chargers installed in some 90 countries with around 35,600 fast chargers being used.