CHAEVI Signs 10.3 Billion KRW Contract for Electric Vehicle Fast Chargers - Secures 10.1% of Annual Revenue, Strengthening Growth Foundation
CHAEVI has signed a 10.3 billion KRW contract with Incheon Regional Procurement Service to manufacture and supply public fast chargers for electric vehicles, with Korea Environment Corporation as the end user.
The contract amounts to 10.1% of the 2025 consolidated revenue of 101.7 billion KRW, and the upfront payment of 70% is expected to improve cash flow.
The contract period runs from June 2026 to April 2027, with production to be handled in-house.
[AI Summary]CHAEVI has secured a 10.3 billion KRW public fast charger contract, enhancing revenue growth and cash liquidity. Continued benefits from government EV infrastructure expansion policies are anticipated, and the stable order backlog may positively impact the stock price.