Siemens taps Electromin’s for charging network

Siemens has contracted to provide electric vehicle (EV) chargers to Electromin, the e-Mobility division of Saudi Arabia’s Petromin, a lubricants and automotive services company, for the planned construction of a Kingdom- and region-wide charging network.

The arrangement will guarantee supply of Siemens’ most cutting-edge EV infrastructure equipment for Electromin’s network, including the lightning-quick Sicharge D direct-current chargers and the clever Versicharge AC wall or pole mounted units that utilise alternating current. Additionally, Electromin is creating a consumer app that will enable users to find public charging stations, map out their route, and schedule and pay for sessions.

“Electromin’s eMaaS solutions are contributing to the development of the Saudi EV ecosystem, and this partnership with Siemens will allow us to provide the charging infrastructure and technology necessary to boost adoption of EVs in the Kingdom,” said Kalyana Sivagnanam, GCEO of Petromin Corporation and CEO Electromin. “The rollout of EV charging points across Saudi Arabia is our first phase of a significant national strategy that extends to 2030 and beyond.”

“We look forward to working with Electromin on this important project that demonstrates our commitment to supporting sustainability programs in Saudi Arabia,” said Karim Mousa, Senior Vice President of eMobility for Siemens in the Middle East. “Electric vehicles are the key technology to decarbonize road transport, and Siemens is proud to provide the infrastructure that accelerates the growth of EVs and contributes to the Saudi Green Initiative.”

The largest oil exporter in the world, Saudi Arabia, has pledged to achieve net zero carbon emissions by 2060. By 2030, the Saudi capital Riyadh’s administration wants three out of every ten automobiles to be electric vehicles. Passenger electric vehicles are becoming more and more popular around the world; according to the Paris-based International Energy Agency, 13% of new cars sold in 2022 will be electric.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us