Efacec celebrates agreement with Chinese company and supports Formula E championship

Efacec has entered into an agreement with China Media Capital (CMC), a company that invests in several business areas related to new technologies, the media and sport, to achieve one of the main strategic ambitions of the Efacec 2020 project: Asia-Pacific.
Under this partnership, Efacec will support the TECHEETAH Formula E Team, the holder of the Formula E title, over the next three years. This team is owned by CMC.
Efacec views Formula E as a platform with three objectives: brand projection and positioning; business development platform, comprehensively and not exclusively in electric mobility, on five continents; platform for the development and application of technologies designed by Efacec.
The presentation of this agreement took place late in the afternoon of September 13 in Lisbon and was attended by Efacec CEO Ângelo Ramalho and Mark Preston, TECHEETAH Formula E Team Main Team.
Ângelo Ramalho, CEO of Efacec, said: “We are very pleased that Efacec joins CMC and TECHEETAH Formula E Team. We are confident that it will be a successful partnership combining two fundamental values for Efacec: competitiveness and sustainability” .
Formula E is the largest electric car competition in the world organized by the FIA (International Automobile Federation) and seen as the future of Formula 1.
This will be an opportunity for Efacec to gain even greater penetration in the market of electric mobility and ultrafast loading solutions, where it is already one of the biggest players in the world.
This strategic commitment will also meet Efacec’s objective: to enter the market of countries in the Asia-Pacific region.
The partnership with CMC offers all the conditions for Efacec to increase brand awareness and gain new business in the region.
It is recalled that China is one of the major markets in the area of electric mobility worldwide, accounting for about half of the global market for electric vehicles and chargers.
By the end of 2017, China already had more than 400,000 charging stations, which demonstrates the continued commitment to the development of public and private infrastructure in this field.

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