Apatech Motors and CARRO Group Form Business Partnership in the Field of Environmentally Responsive Electric Vehicles for a Decarbonized Society

April 3, 2024 Apatech Motors Corporation (Head Office: Shinagawa-ku, Tokyo; Feng Sun, President and Representative Director, hereinafter “Apatech Motors”) and CARRO TEC Corporation (Japanese branch of the global CARRO Group; Head Office: Soka City, Saitama Prefecture; Aaron Tan Wei Chen, Representative Director, hereinafter “CARRO”) are pleased to announce that they have started to consider collaboration in order to contribute to the creation of a carbon-free society. Background and goals of the alliance In recent years, the risk of climate change has become more serious, and countries around the world are calling for a “halving of CO2 emissions by 2030” in order to achieve a decarbonized society. At the same time, in Japan, the electrification of vehicles has become a key issue for decarbonization efforts, and the situation surrounding the automobile and energy industries is changing dramatically.Under such a changing environment, Apatech Motors and CARRO hope to accelerate their contribution to human society through the spread of environmentally friendly electric vehicles and environmental conservation by bringing together their mutual resources and cooperating in the business development of popular electric vehicles (EVs) in Japan and abroad.

Apatech Motors and CARRO will proceed with detailed discussions with the aim of concluding a basic agreement on business alliance as soon as possible.

[Partner Company Profile]

■CARRO TEC Corporation

Address : 1F storefront, Claire Matsubara, 2-8-30 Sakae-cho, Soka-shi, Saitama
Establishment : August 2022 (Carro Group was established in 2015)
Representative : Aaron Tan Wei Cheng, Representative Director
Business : Used car sales and leasing, sales and buying, maintenance, sheet metal, and parts sales
U R L ： https://carro.co/jp/ja

CARRO is the largest automotive e-commerce site in Southeast Asia, with 30 stores in ASEAN countries, providing a comprehensive range of automotive services.
Providing trustworthy and transparent services, CARRO challenges the traditional automotive industry through technology.

[Company Profile]

■Apatech Motors Ltd., Co.

Head Office: 1F, Shin Toyo Akasaka Building, 4-9-25 Akasaka, Minato-ku, Tokyo
Established: May 18, 2022
Representative: Feng Sun, President and Representative Director

Business :

Business related to planning, design, development, manufacturing, and sales of EV vehicles
Business related to the planning, design, development, manufacture, and sale of EV vehicles
EV battery recycling business

U R L ：https://apatech-motors.com/

Apatech Motors Co., Ltd. is promoting the development of EVs (electric vehicles) in Japan and Southeast Asia by the China Motor Group, which has a world-class track record in this field.

For further information, please contact

IR department, Apatec Motors Ltd., Co.
MAIL: info@apatech-motors.com