On August 27, 2019, Tokyo Electric Power Company Holdings (TEPCO HD) and Chubu Electric Power reached an agreement to jointly establish e-Mobility Power co., Inc., a next-generation mobility company. e-Mobility Power is expected to be officially launched on October 1, 2019. The total investment in e-Mobility Power is about 5 billion yen, 60% of the capital from TEPCO HD and 40% from Chubu Electric Power.

e-Mobility Power will leverage TEPCO HD and Chubu Electric Power’s knowledge and expertise in the construction, maintenance, and operation of energy infrastructure, as well as their expertise regarding quick charging methods for electric vehicles (EV), such as the CHAdeMO[1] charging method, which was developed in collaboration with automakers. The company aims to deliver services for consumers so that “anyone can charge [their] EV at a reasonable price, anytime, anywhere”.[2]

[1] https://www.chademo.com/about-us/what-is-chademo/

[2] http://www.chuden.co.jp/corporate/publicity/pub_release/press/3271660_21432.html