CDG takes full control of EV charging unit after buying out partner Engie
It rebrands former joint venture to CDG Energy after acquiring the remaining 49% it did not own
ComfortDelGro (CDG) has fully acquired its electric vehicle charging business, CDG Engie, from partner Engie, consolidating the company into CDG Energy. The mainboard-listed land transport operator announced the rebranding on Wednesday, Aug 12, rebranding the joint venture that began in 2021. The purchase, finalized at the end of July, brought the total number of charging points under CDG's control to 2,600 across 800 locations in Singapore and Malaysia.
CDG will now offer comprehensive fleet electrification and integrated energy management services, positioning the business as a natural extension of its broader mobility ecosystem. The move aims to help commercial customers optimize energy usage, increase operational efficiency, and meet decarbonisation targets. CDG Energy's managing director and CEO, Cheng Siak Kian, stated that the unit represents a significant expansion of the group's mobility ecosystem.
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