Press Release: Computer Age Management Services : CAMS Powered by Auto and Technology Expertise to Enter New Energy and Charging Industry

Volkswagen Group, FAW Group, Star Charge, and JAC Group Join Hands as Strong Partnership to Build Up Charging Infrastructure EcosystemThe auto industry is undergoing drastic changes in a shifted landscape where whoever is the first to put in place a mobility ecosystem will gain the commanding height in the industry's future development. Charging infrastructure will be a critical part of the mobility ecosystem. As the ownership of NEVs steadily increases, it becomes difficult for the existing charging service providers to provide high-quality smart charging services. Against this backdrop, CAMS, a joint venture formed by four industry leaders, has come to the scene with the powerful mission statement of accelerating the electrification of China's auto industry and the rise of the EV industry by providing it with a comprehensive state-of-the-art charging infrastructure ecosystem.CHANGZHOU, China, July 16, 2019 /PRNewswire/ -- Four leading players in China's auto and charging industry - Volkswagen (China) Investment Co., Ltd., FAW Group, JAC Group and Star Charge - officially established the joint venture, CAMS New Energy Technology Co., Ltd., on mission to take China's charging infrastructure development into a smart era.Mr. Wei-ming Soh, Chairman of CAMS and Executive Vice President of Volkswagen AG, stated that "We are experiencing profound changes in life and industries undreamed of by past generations. New energy vehicles and charging have become pioneering forces that will accelerate transformation of auto, energy, environment, manufacturing, and the Internet industries. CAMS will face the critical point and join the trend with no doubt, by providing of smart and high-quality charging services and products to safeguard consumers' increasing expectations to charging and smart mobility. CAMS will build up a sustainable ecosystem for the industry and contribute to the lives of our next generation."CAMS is devoted to providing tailored-products and one-step solutions, promoting charing experience. For private charging, CAMS will provide smart charging wallbox to meet customers' diversified needs; for public charging, CAMS is planning to deliver fast charging products with 360kw charging power allowing 15-minute charging to get 400km range; meanwhile, CAMS offers a variety of charging products, such as Robot charging and Wireless charging etc.CAMS will integrate the upstream and downstream resources with the leverage of mobility technology geared by AI, strive to build up a cross-industry smart infrastructure ecosystem. In the future, CAMS will inherit the win-win cooperation and join hands with more partners for more potential opportunities. CAMS is ready to make its contribution. The company is committed to provide the most innovative charging infrastructure ecosystem to enable smart mobility at scale, in China, for China, for the world.