MUCHARGING (MACAU) Limited and MU (Hong Kong) Limited are wholly-owned subsidiaries of MECOM Power and construction Limited (HKEX 1183). Having joint venture with German EV charging company, Ubitricity, MUCHARGING (MACAU) Limited and MU (Hong Kong) Limited aim to provide better EV charging service in the Guangdong-Hong Kong-Macao Greater Bay Area. Ubitricity is acquired by Shell 100% in end of 2020. It is the second largest supplier of public charging facilities for electric vehicles in the United Kingdom and installed about 2,000 charging facilities in the urban area of London. Equipped with experience of running advanced and mature cluster charging piles in large European cities, Ubitricity system's patented technology, including mobile billing system, is very experienced in providing electric vehicle charging and mobile billing system solutions.
Meanwhile, MECOM has strong expertise in EV charging system installation in Macau and high voltage power substation construction and system installation. Together with the experience of Ubitricity, the joint development projects in MU will certainly bring great synergy and commercial benefits for both MECOM and Ubitricity.
MU is currently aiming at China's new energy vehicle development and manufacturing hub, and is committed to developing cost-effective high-technology electric vehicle charging and mobile billing system solutions.
MU has gained the product agency of EFACEC. EFACEC was established in 1948 and has operations in many countries and exports to all continents. EFACEC's EV charging products include fast charging for home use and business use to meet different charging needs of customers.
In addition, in order to meet market demand, MU also cooperates with EN+, a total solution provider for EV charging stations and cloud management systems from China. EN+ has rich experience in research and development in the new energy industry and holds more than 50 patents. EN+ has cooperation with BYD, PetroChina, Evergrande, Huawei, Panasonic, Hyundai Power, Energiplan and other overseas partners, with products exported to more than 25 countries and regions.