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HSBC AM invests in SP mobility to scale up EV charging infrastructure in Singapore
Investors - FEBRUARY 11, 2025

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HSBC AM invests in SP mobility to scale up EV charging infrastructure in Singapore

by Kali Persall

HSBC Asset Management’s (HSBC AM) energy-transition infrastructure team has invested in SP Mobility, an SP Group company operating electric vehicle charging points in Singapore.

SP Mobility has been at the forefront of developing Singapore’s EV charging infrastructure since 2018 and currently operates the nation’s largest high-speed EV charging network. The investment represents a strategic partnership between HSBC AM and SP Mobility that combines HSBC AM’s expertise in growing infrastructure platforms in Asia with SP Mobility’s key position in Singapore’s EV charging market.

Against a backdrop of Singapore experiencing one of the highest EV adoption rates in Southeast Asia, the two parties aim to amplify SP Mobility’s EV charging network and deliver an enhanced service offering for EV drivers.

“HSBC AM's investment validates SP’s vision to pioneer Singapore’s first large-scale public EV charging network, supporting the nation’s green mobil

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