ChargePoint Collaborates with Product Development and Manufacturing Leaders AcBel and Kinpo, Improving Cost Structure and Time to Market

ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), and AcBel Polytech Inc. (“AcBel”) (TWSE:6282), a leading power supply manufacturer under Kinpo Group, today announced an agreement to jointly develop EV charging solutions. AcBel will begin to co-design hardware for ChargePoint’s portfolio of EV charging solutions - bringing products to market faster and at a lower cost, while maintaining ChargePoint’s high quality and reliability standards.

The agreement expands ChargePoint’s existing manufacturing agreement with AcBel. By combining AcBel’s 40 years of expertise in power design and Kinpo's electronic manufacturing capabilities, ChargePoint believes the partnership will bolster its research and development capabilities, enabling it to bring new products to market faster and at a lower cost. By harmonizing the processes of engineering, design, development and production with AcBel and Kinpo, ChargePoint will have an end-to-end solution enabling ChargePoint’s engineering team to focus on future innovation.

“This collaboration with AcBel represents a significant milestone in the evolution of our product development strategy, and is a key component of our focus on execution and operational excellence,” said Rick Wilmer, CEO of ChargePoint. “With Kinpo Group, we have a trusted manufacturing partner, and now with this expanded partnership we have a development partner who we believe will enable us to bring our portfolio of world-class EV charging solutions to market faster while driving significant product cost and operating expense savings - all with no compromises to our leading quality, reliability, and durability standards.”

Jerry Hsu, Chairman of AcBel, stated, “This year marks a year of transformation for AcBel. The collaboration with ChargePoint not only demonstrates AcBel’s expertise in design for EV business, but also shows a great example of utilizing our group resources from different aspects. Furthermore, this is just the beginning, and there will be more projects and cooperation among AcBel, Kinpo and ChargePoint.”

Andrew Chen, CEO and General Manager of Kinpo Group, commented, "Combining Kinpo's communication and automation production technology with AcBel's power design capabilities and ChargePoint's market-leading position, we believe this strong alliance will significantly increase Kinpo Group's activity in the EV charging market."