Industry

Chebi to Emerge as an

TECHWORLD ·

From left, Hong Seok-gi and Lee Jae-woo, co-CEOs of Covillage Company, and Lee Dong-cheol, chief operating officer (COO) of Chaevi. [Photo: Chaevi]

✦ AI Summary

Chebi and CoVillage Company signed an MOU to cooperate on building and operating solar- and ESS-based eco-friendly EV charging infrastructure. The agreement was reached against the backdrop of CoVillage Company’s ongoing "CoVillage Goseong" stay-type senior life campus project in Toseong-myeon, Goseong-gun, Gangwon Province. The two companies are discussing an off-grid charging station, the mixed-use charging and cultural space "Chebi Stay," and strategic investment inside CoVillage Goseong.

Chebi and CoVillage Company have signed a memorandum of understanding (MOU) to cooperate on building and operating eco-friendly EV charging infrastructure based on solar power and ESS (energy storage systems). The agreement was reached against the backdrop of CoVillage Company’s ongoing "CoVillage Goseong" project, a stay-type senior life campus.

CoVillage Company is developing CoVillage Goseong, a stay-type life campus for active seniors in their 50s and 60s, in Toseong-myeon, Goseong-gun, Gangwon Province. CoVillage Goseong will be built on a site with views of both Mount Seorak and the East Sea, with a total of 299 households. The goal is to complete approvals in April 2026 and open in 2029.

Based on the agreement, the two companies plan to build Chebi fast-charging infrastructure at a key location along the East Coast tourism belt. The agreement also includes operating "Chebi Stay," a mixed-use charging and cultural space combining F&B, lounge and retail functions, as well as strategic investment in the CoVillage Goseong project.

Chebi stressed that the agreement marks the full-scale expansion of its business. Its expansion direction is to move beyond a focus on charger manufacturing and operations and become an "energy platform company" spanning solar power, ESS and V2G.

Chebi said it plans to build EV charging infrastructure inside CoVillage Goseong. The Chebi charging station to be built there will not be connected to the Korea Electric Power Corporation grid, and will operate as an off-grid system that stores solar-generated electricity in ESS before using it to charge EVs.

Through this agreement, Chebi said it will take its off-grid charging stations to the next stage of expansion. It added that by turning CoVillage Goseong into a fully self-sufficient eco-friendly charging demonstration base, it can offer residents and visitors a differentiated mobility experience.

Chebi said it plans to operate Chebi Stay, a mixed-use charging and cultural space. With a format that links charging with lifestyle experiences such as rest, dining and cafe services, Chebi said it aims to create a stay-oriented charging base where charging, relaxation and consumption are connected, and to realize it as an eco-friendly charging and cultural space that pursues nature-friendly values.

Chebi said that because CoVillage Goseong is located in a key area along the East Coast tourism belt, it aims to create a space that serves both residents in their 50s and 60s and East Coast tourists.

Chebi is discussing participation as a strategic investor (SI) in the special purpose company (SPC) implementing the CoVillage Goseong project, with the goal of securing rights to build and operate the charging station and Chebi Stay. It has also set out a policy to secure preferential partnership rights when entering CoVillage’s subsequent project sites, which include areas near the Seoul metropolitan area, Jeju and overseas markets. The preferential partnership rights include building and operating charging stations and Chebi Stay.

Chebi CEO Choi Young-hoon said the company aims, through this agreement, to secure key sites in East Coast tourism hubs and expand carbon-neutral charging and energy businesses into a new growth engine. He added that the company plans to proceed with due diligence and detailed discussions, pursue a definitive agreement within the year, and secure both operating revenue from charging infrastructure and financial returns from equity investment.

Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406508

References

This article was produced with the help of an automated content generation algorithm.


Source: TECHWORLD

View original

This article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.