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ENECHANGE Ltd. Forms Joint Venture with CHUBU Electric Power for EV Charging Business

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ENECHANGE Ltd. Forms Joint Venture with CHUBU Electric Power for EV Charging Business

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Enechange Ltd. ( (JP:4169) ) just unveiled an update.

ENECHANGE Ltd. has completed a strategic company split and stock transfer, forming a joint venture with CHUBU Electric Power Miraiz Co., Inc. for its EV charging business. The new entity, now named Miraiz ENECHANGE Ltd., will see CHUBU Electric Power Miraiz holding a 51% stake, while ENECHANGE retains 49%, indicating a shift in operational control and potentially enhancing the business’s market reach and capabilities.

More about Enechange Ltd.

ENECHANGE Ltd. operates in the energy sector, focusing on providing services related to electric vehicle (EV) charging. The company is involved in the development and management of EV charging infrastructure, catering to the growing demand for sustainable transportation solutions.

YTD Price Performance: -14.53%

Average Trading Volume: 483,058

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen13.01B

Learn more about 4169 stock on TipRanks’ Stock Analysis page.

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