CHAEVI to build EV charging network in Canada

Korean fast-charging infrastructure operator CHAEVI has signed a supply agreement with Foreseeson Technology, a clean energy and electric vehicle (EV) infrastructure company based in Richmond, British Columbia. Under the deal, the two companies are expected to build ultra-fast EV charging networks and develop energy storage systems and operations software in Canada. The deal was signed on March 27 at CHAEVI's Gangnam-Seocho Center in Seoul. A CHAEVI official said the company will supply its 400-kilowatt ultra-fast chargers, while Foreseeson Technology, a Canadian firm specializing in EV charging, electronics manufacturing and IT security distribution, will manage site acquisition, installation, operations and carbon credit revenue. The two companies said they plan to roll out the infrastructure first in British Columbia, with plans to expand across Canada. The partnership is based on a no-upfront-cost model, in which Foreseeson directly invests in, installs and operates the charging equipment and energy storage systems at host sites. Revenue from charging fees and carbon credits is then sh

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