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Solum enters Qatar electricity authority EV charger pilot project

Solum said on Wednesday it has entered a public-sector electric vehicle charger pilot project run by Qatar\'s electricity authority, Kahramaa. It said the project is the first case of a South Korean company taking part in Kahramaa’s proof-of-concept programme. The pilot involves one CHAEVI third-generation 180 kW fast charger equipped with Solum’s 30 kW power module, due to arrive in Qatar in early July after production and air shipment.

Industry

Chaevi targets operating profit in 2027, outlines growth strategy ahead of Kosdaq listing

South Korean electric-vehicle fast-charging infrastructure operator Chaevi set a target to turn EBITDA profitable in the fourth quarter of 2026 and to achieve an operating profit in 2027. CEO Choi Young-hoon (최영훈) outlined the company’s core strengths and growth strategy ahead of a planned Kosdaq listing. Chaevi said higher utilisation and a shortage of new fast chargers could bring forward profitability. It also detailed overseas expansion and IPO terms, including a 10 million-share offering.

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