83 INTEGRATED ANNUAL REPORT 2026 As the demand for charging infrastructure grows and customer expectations rise, building a stable, high‑performance network is essential. We will continue strengthening our network by replacing ageing chargers, retiring underperforming sites and accelerating expansion in priority locations. Building on established partnerships across the property, automotive, retail, expressway, hospitality and service sectors, we will upgrade high‑performing sites, expand coverage for existing clients and attract new partners in high‑traffic destinations. We also aim to extend coverage into underserved areas – particularly along highways – to reduce range anxiety and support wider EV adoption, while maintaining charger uptime at 98%. Scaling utilisation is equally important. We are deepening enterprise and fleet charging through B2B partnerships, co‑branding collaborations and strategic loyalty programmes. Enhancements to the chargEV app and our pricing structure – including an improved user interface and user experience, with more flexible, time-based pricing – will further encourage recurring usage and optimise demand patterns across the network. As part of the broader Yinson GreenTech ecosystem, chargEV will leverage synergies with drivEV, integrating fleet management capabilities, shared app features and bundled leasing plus charging offerings to create a seamless customer experience while strengthening utilisation across both businesses. • Strengthening our foundation • Expanding our network • Scaling utilisation strategic priorities We plan to double our fleet again this year, strengthening our position in logistics and corporate fleets while expanding into new regions. We also aim to deepen our footprint in the e‑hailing sector and enter into new high‑potential sectors including hospitality and airport transfers, and service‑industry fleets. Ensuring consistently high vehicle availability is equally important, which we support with preventive maintenance, telematics‑enabled monitoring and a robust network of workshop and service partners. Our goal is to achieve 95% fleet availability by end 2026, ensuring clients experience fewer disruptions and better operational reliability. Internally, we will continue strengthening cost and process efficiency for stronger economics. • Scaling volume • Assuring high availability • Controlling costs strategic priorities • Deliver contracted vessels • Strengthen commercial traction • Maintain operational compliance • Manage supply chain and CAPEX efficiency strategic priorities Technology and innovation remain key value drivers for drivEV. Our focus is on building systems that improve operational efficiency, reduce energy consumption, and provide greater visibility and control over fleet operations. By leveraging data analytics to analyse route patterns, vehicle usage and operational behaviour, we help clients plan more efficient journeys, minimise unnecessary mileage and improve overall fleet productivity. Looking ahead, we are developing dynamic route optimisation capabilities to support better operational decisions. Our immediate focus is the commercial success of Hydromover 2.0. Delivering existing orders on time and within budget is critical to reinforcing confidence in our capabilities, strengthening our track record, and unlocking further opportunities across our target segments. During the year, we completed concept engineering across our full marinEV product portfolio, including the MDP, significantly strengthening our pipeline for future deployment and positioning us to respond quickly to market opportunities. Building on this foundation, we will advance selected projects into front-end engineering and commercial structuring for several of our most promising near-term opportunities, with the objective of securing commercial contracts. Our approach preserves long-term optionality by remaining active across multiple high value vessel categories, enabling market validation before scaling into larger volume production. To support these ambitions, we are optimising our cost base and production model. A key step has been the transition of vessel construction to China, providing access to deeper supply chain capacity, more competitive pricing, and improved scalability for future builds. CLOSING REMARKS As we move into the next phase of our journey, Yinson GreenTech remains committed to disciplined execution, thoughtful investment and the pursuit of scalable, commercially viable solutions across land and sea. The foundations we have laid – strengthened operational structures, robust digital platforms, strategic partnerships and clear business unit priorities – position us well to capture the opportunities ahead. With each business sharpening its focus and deepening its strengths, we are building an integrated ecosystem capable of supporting the region’s transition toward cleaner, smarter and more efficient mobility. BUSINESS REVIEWS | YINSON GREENTECH
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