Chaevi joins Hyundai Motor to build EV charging infrastructure for Bali electric buses

Chaevi, an electric vehicle charging infrastructure operator, said Friday it is joining Hyundai Motor in the Global Green Growth Institute's project to build an eco-friendly electric bus transportation system in Bali, Indonesia.

The project is a pilot program to expand electric vehicle and charging infrastructure, backed by 9.2 billion won ($6.94 million) in Official Development Assistance from the Ministry of Climate, Environment and Energy. Its goal is to introduce South Korea's eco-friendly vehicle and charging technology to the local market and contribute to carbon neutrality.

Chaevi is responsible for building rapid-charging solutions for electric buses, while Hyundai Motor has supplied 11 mid-size electric buses — the County Electric model.

The dedicated rapid chargers Chaevi is supplying are high-output units designed to support mid-size electric bus operations, enabling efficient charging in a short time. The company said it engineered the chargers to suit local climate and power conditions in order to improve operational reliability.

Beyond supplying the chargers, Chaevi is working with local partners to oversee the entire process — from installation and commissioning to early operational stabilization and maintenance training. The company aims to build local capacity to operate charging infrastructure and strengthen service competitiveness.

Chaevi plans to use the project as a foothold in Indonesia's eco-friendly transportation market and expand its infrastructure business to public and private charging operators across Southeast Asia.

"Being selected as the final supplier for an ODA project led by the GGGI is a testament to the international recognition of Chaevi's charging technology and operational capabilities," said Choi Young-hoon, chief executive of Chaevi. "Building on this project, we will actively respond to demand for eco-friendly transportation infrastructure not only in Indonesia but across Southeast Asia, and expand the supply of locally tailored charging solutions."

Meanwhile, Chaevi is accelerating its push into global markets with the United States as a key base, while also stepping up its advance into the Middle East. The company plans to use funds secured through its listing to broaden partnerships with global automakers, charging operators and energy companies as it expands its overseas business.