ECOtality and Changchun Eco-Power Technology have jointly formed a new joint venture (JV) to meet the demand of the developing EV industry in China.
The new JV called Tianjin Eco-Power Technology will manufacture and distribute ECOtality EV charging products in China.
It will also include two and three-wheel vehicles, buses, material handling equipment, and airport ground support--all designed for the regional marketplace.
Under China's recently adopted 12th five-year plan, about 2,000 charging stations with 400,000 EV chargers will be built in more than 20 pilot cities across China by 2015.
The company said that operations will include a new assembly facility established in Tianjin.
ECOtality CEO Jonathan Read said that China is expanding its position in the electric vehicle market by implementing fleets and public transit applications that require high-power charging solutions like ECOtality produces.
"Forming this joint venture with the highly capable management team of Changchun Eco-Power allows us to immediately address this tremendous greenfield opportunity," Read said.
