Founder Group Announces Investment in Nichcom Go Sdn. Bhd., Operator of SpacePlus EV Charging Network, to Expand Market Leadership in EV Industry
Founder Group acquired a 19.90% equity interest in Nichcom Go, the operator of the SpacePlus EV charging network, to expand its presence in the Malaysian EV infrastructure market. The strategic partnership leverages Founder Group's solar and battery energy storage capabilities to lower operating costs for charging stations while utilizing Nichcom Go's existing customer base.
Key figures
- Ev sales 2025 units
- 30850
- Ev charger target 2030
- 30000
- Ev charging market cagr
- 23.25%
- Tnb grid investment usd
- US$8.2 billion
- Equity interest acquired
- 19.90%
- Ev registrations q1 2025
- 6827
- Ev registrations q1 2026
- 14591
- Ev sales 2025 yoy growth
- 109%
- Ev charging market size 2024
- US$143.4 million
- Ev charging market size 2025
- US$189.7 million
- Ev chargers installed may 2026
- 6416
- Ev chargers installed ac may 2026
- 4273
- Ev chargers installed dc may 2026
- 2143
- Ev charging market size 2030 proj
- US$539.4 million
- Ev registrations q1 2026 yoy growth
- 113.7%
- Nichcom charging stations target 2028
- 1000
AI analysis
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