Latest news with #TellusPowerGlobeHoldingLimited
Yahoo
18 hours ago
- Automotive
- Yahoo
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, was a standout up 8% and ending trading at NT$595.00. At the same time, trailed, 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. ended the day at HK$127.50 down 1.2%. settled at $316.35 down 3.9%. Click here to unveil our expertly curated list of 57 EV Stocks including Anhui Jianghuai Automobile GroupLtd, HUAYU Automotive Systems and Changzhou Xingyu Automotive Lighting SystemsLtd. Want Some Alternatives? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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) Companies discussed in this article include TWSE:1519 SEHK:1211 NasdaqGS:TSLA and NasdaqGS:VFS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Barnama
a day ago
- Automotive
- Barnama
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 Sup
IRVINE, Calif., June 18 (Bernama) -- Tellus Power Globe Holding Limited ('Tellus Power' or the 'Company'), a global provider of electric vehicle (EV) charging solutions, today announced the official signing of a joint venture agreement with the renowned BinHendi Holding and SFE Group on May 30, 2025. This move responds to the surging growth of the electric vehicle (EV) market and the urgent need to accelerate e-mobility infrastructure development across the Middle East. This collaboration, supported by the UAE Ministry of Investment (the 'Ministry of Investment'), marks the establishment of one of the first EV charging equipment manufacturing companies in the Middle East. The Ministry of Investment played a pivotal role in facilitating this greenfield investment, reiterating its commitment to attracting future-enabling investment into the UAE while also supporting and promoting the growth of family businesses in the UAE's markets and strengthening the country's position as a regional hub for advanced manufacturing and sustainable technologies – two priority sectors under the National Investment Strategy of UAE.
