Brazil's WEG and Neoenergia announce partnership in charging stations for electric vehicles

FILE PHOTO: The company logo for Weg is displayed on a screen on the floor of Brazil's B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. Picture taken July 25, 2019. REUTERS/Amanda Perobelli

SAO PAULO (Reuters) - Brazilian motor maker WEG SA announced on Tuesday a partnership with power company Neoenergia SA to provide charging stations for electric vehicles.

Neoenergia, controlled by Spain's Iberdrola SA, has its own fleet of electric cars and also sells charging stations to companies and residential customers.

With the agreement, WEG will now be the exclusive supplier of charging stations to the power company. The company will provide equipment produced nationally with a power of 7.4 kilowatts, ideal for homes or residential buildings, and 22 kilowatts, which is more suitable for companies.

"We want not only to advance our strategy of making electric mobility a reality in Brazil, but also to structurally serve the entire chain required to make electric vehicles viable," said Manfred Peter Johann, managing director of WEG's automation unit.

(Reporting by Leticia Fucuchima; Writing by Peter Frontini; Editing by Jonathan Oatis)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Tech News

Big tech ad revenue growth to taper as pandemic bubble pops -analyst
Instagram down for thousands of users - Downdetector
CD Projekt's first-quarter profit more than doubles
Student in SG, 16, made to fake kidnapping for ransom in China officials’ scam
Musk sued by Twitter investors for delayed disclosure of stake
Get your crypto house in order, old guard tells Davos debutantes
Fintechs fail to make a dent in Mexico as cash remains king
Joby receives FAA nod to start air taxi services commercially
Chipmaker Broadcom to buy VMware in $61 billion deal
US Embassy lends a helping hand in empowering Malaysian game creators

Others Also Read