VEMO and BYD inaugurate charging station for electric vehicles

This is an automated translation of the press release issued in Spanish

• The new charging station located in Polanco will have 23 chargers in this strategic area of CDMX.
• This announcement is part of the strategic agreement between the Chinese giant and the Mexican brand, announced last April.
• VEMO's goal is to have more than 1,000 locations on the VEMO Charging Network by the end of this year.

Mexico City, July 2, 2024.- VEMO, a leading Mexican cleantech in electromobility, and BYD , a world leader in technology and sales of new energy cars in the world, inaugurated the charging station with the GBT standard and including fast charging ideal for BYD users, derived from their strategic agreement to continue accelerating the clean mobility ecosystem in Mexico.

The agreement is a new step to expand high-use charging hubs that operate in Mexico City where VEMO operates its charging network called VEMO Charging Network (VCN), the most robust and reliable network; in addition to its fintech and fleet divisions, focused on providing a comprehensive electric mobility ecosystem that results in cleaner air in cities.

This inauguration underlines VEMO's commitment to strengthening its public charging network in the country, with the goal of having more than a thousand chargers by the end of 2024.

Roberto Rocha, co-founder and CEO of VEMO, mentioned: “At VEMO we maintain a collaborative approach to accelerate the penetration of clean mobility in Mexico. This hub is the first of several that we will develop in alliance with BYD, with whom we have a strategic and complementary relationship, both in electric vehicles and in the development of charging infrastructure.”

Germán Losada, co-founder, President and COO of VEMO, added: “At VEMO we are committed to continuing to develop the most robust and reliable charging network in the country, democratizing access to the essential infrastructure for the advancement of electromobility. To achieve this, we carry out alliances with companies that have a true commitment to the decarbonization of the environment, adding more charging centers that give more options to the market to join electrification.”

Jorge Vallejo, General Director of BYD Mexico, stated: “Our objective is to promote electromobility in Mexico through the strategic installation of chargers in key points of the cities. Enabling chargers in shopping centers is a plus so that BYD users can relax while waiting for their vehicle to charge; In addition, we choose busy areas to facilitate access.”

The hub is located in Plaza Miyana, located on Avenida Ejercito Nacional Mexicano, one of the main roads in Mexico City, 10 minutes from Periférico Boulevard Ávila Camacho and Calzada General Mariano Escobedo, respectively. The facility has 4 fast charging units, where users can recharge their car battery in 45 to 60 minutes on average.

How can I use the VCN?

By downloading the Watts by VEMO application, users can locate this new charging point; In addition, they can choose the type of charger they need, decide between various payment methods, access online support and recharge. At the end of June 2024, VCN has more than 500 charging points and VEMO's goal is to reach around 1,000 points in the remainder of the year.