An EVIQ fast-charge station
Electric Vehicle Infrastructure Co. (EVIQ), an affiliate of the Public Investment Fund (PIF), started operations of the first fast-charge station for electric vehicles in Riyadh on Jan. 15.
The station provides two high-voltage quick chargers, each with a capacity exceeding 100 KW, allowing up to four vehicles to charge simultaneously, the Saudi Press Agency reported.
The CEO of EVIQ, Mohammad Gazzaz, expressed the company’s determination to install over 5,000 fast chargers in 1,000 locations across the Kingdom by 2030.
In October 2023, PIF and the Saudi Electricity Co. (SEC) launched EVIQ as a joint venture, where the PIF owns a 75% stake and SEC owns 25%, Argaam reported.
EVIQ seeks to provide the best-in-kind infrastructure and establish a national network of fast charging stations. This is to enable and encourage the use of EVs across Saudi Arabia.
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