Enechange Ltd. (JP:4169) has released an update.
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Enechange Ltd. has successfully executed a commitment line agreement to support its EV charging business, addressing investor concerns about financial stability and asset impairment. The company is also progressing with the implementation of a compliance system and reports smooth advancement in its EV charging port installations, with 80% of subsidies for FY24 Q1 approved. Despite a global reassessment of EV strategies and slower adoption rates in Japan, Enechange maintains its focus on 6kW Level 2 charging ports, suited to Japan’s unique EV environment.
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