Where do you see the opportunity in EV charging?
China is about 10 years ahead of the rest of the world when it comes to mobility, and our supply chain is happening in China. Trying to produce an electric vehicle today in Spain, Mexico or even Germany is complicated because you don’t have access to the supply chain. Also, a bus in Berlin makes 300 kilometers a day at an average speed of 40 kilometers an hour. If you go to Manila, a bus makes 80 kilometers a day at an average speed of 4 kilometers an hour. That’s important. In Berlin, yes, you need fast-charging infrastructure to operate buses because it is complicated to deliver that long range, and normally it is required to have some kind of infrastructure support to make fast charging available. But if you go to an emerging market, you can install an AC [alternating current] charger on a bus and charge overnight.
There has been a lot of investment in EV charging infrastructure in Europe.