Miami Beach electric car charging company expands to China
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- Celia Ampel
- Reporter- South Florida Business Journal
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A Miami Beach electric car charging company will expand operations into China, it said Wednesday.
CarCharging (OTCQB: CCGI), which operates electric vehicle charging stations across the U.S., will look to partner with the Chinese government and local companies to add charging stations there in the fourth quarter of this year.
RELATED CONTENT: South Florida electric car charging company sees rapid growth
"Not only is this the largest and fastest-growing automotive market in the world, but the Chinese government is committed to confronting the pollution and environmental degradation that has coincided with the nation's rapid growth," CarCharging CEO and founder Michael D. Farkas said in a news release.
The company created a subsidiary, CarCharging China Corp., to handle operations there.
CarCharging saw revenues climb to $973,000 in the second quarter of 2014 compared to $78,000 in the same period last year.
Celia Ampel covers technology, startups, venture capital and angel investment. Stay on top of the latest venture news with our free daily newsletter. Click here to subscribe.
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