StarCharge and Schneider Electric have restructured to establish a joint venture, accelerating the drive toward green efficiency and the digital economy. This is another milestone following the framework agreement on the restructuring and joint venture covering European charging, energy storage and related businesses, signed by the two sides on May 6 (local time in France) during the series of exchange events marking the 60th anniversary of China-France diplomatic relations. It demonstrates the two sides' determination and confidence in jointly creating a 'new model' of China-France new energy industry cooperation, jointly advancing Europe's clean energy transition, and taking the China-France comprehensive strategic partnership to a new level.
On May 6, 2024 (local time in France), during the series of exchange events marking the 60th anniversary of China-France diplomatic relations, StarCharge and Schneider signed the framework agreement on the restructuring and joint venture covering European charging, energy storage and related businesses
The joint venture will create a leading European digital energy company, supplying the European market with EV charging infrastructure, PV inverters, AC and DC chargers, and energy storage systems. This strategic partnership combines the complementary strengths of StarCharge and Schneider Electric: StarCharge brings recognized EV charging and energy storage technologies along with production capabilities, while Schneider Electric contributes deep insight into the European market, extensive business coverage and leading energy management solution technologies. The joint venture will fully combine the complementary advantages of StarCharge and Schneider Electric in R&D, manufacturing, marketing and services, and — centered on the European market's demand for environmentally friendly, efficient new energy technologies and solutions — build safer, self-sufficient, digitally intelligent scenario-based microgrids, helping residential, commercial, industrial, utility and other scenarios achieve 'low-carbon and zero-carbon' operation, and serving local economic development and green transformation.
Founded in 2014, StarCharge is the highest-valued unicorn in Asia's digital energy sector and a leader among Chinese industrial manufacturing enterprises. Certified by the international authority Frost & Sullivan, StarCharge has achieved 'the world's largest cumulative charging pile sales over the past decade', establishing its position as a globally renowned intelligent energy equipment provider. StarCharge is also one of China's largest charging service network operators, as well as a leading provider of distributed PV, energy storage and intelligent microgrid solutions. For years, StarCharge has consistently been a first mover in implementing the dual carbon strategy and the digital economy, with strong production capabilities and rich experience in EV charging and scenario-based microgrid solutions. It is precisely its outstanding performance in the field of scenario-based microgrids — where 'charging and energy' converge — that has won the trust of Schneider and the wider European market. After its establishment, the joint venture will incorporate the energy management business, reinforcing its commitment to promoting sustainable energy solutions in Europe.
Founded in 1836, Schneider Electric is a global leader in digital transformation for energy management and automation. It has long focused on two key domains — 'industries of the future' and 'green energy' — revolving around two main axes of 'innovation' and 'ecosystems', continuously bringing digital and green, low-carbon ideas, applications, products and services to partners across the industry chain. At the same time, Schneider Electric has deep insight into the European market, an extensive business footprint and leading energy management solution technologies, and the two sides will join hands to accelerate infrastructure deployment and meet the European energy market's rapidly growing installation requirements.
A powerful alliance built on full trust. The two sides' highly aligned visions on green energy, the digital economy and industrial upgrading, combined with their rich practical experience and deep technological expertise, have brought about even deeper cooperation. The establishment of this strategic joint-venture relationship between StarCharge and Schneider Electric will not only further promote the deep integration of the two companies in technology, markets and resources and build a leading player in the fast-growing European energy market, but will also help lift China-France cooperation in the digital new energy field to new heights.
Going forward, the two sides will continue to create win-win outcomes together, injecting new momentum into China-France cooperation, making new contributions to high-quality development, leading the green path of sustainable development hand in hand, and jointly advancing the drive toward green efficiency and the digital economy.
