The Competition Commission of Singapore (CCS) is currently reviewing a proposed acquisition involving two major players in the electric vehicle charging industry. This evaluation aims to ensure that the merger does not adversely affect competition within the sector, which is crucial for maintaining fair market practices and consumer choice.
CCS is inviting public feedback until January 16, 2026 on the proposed acquisition by SP Mobility Pte. Ltd. of Strides YTL Pte. Ltd. CCS accepted a joint application from the Parties on December 22, 2025 for a decision on whether the proposed transaction would be anti-competitive.
The acquisition under scrutiny involves companies that are pivotal in the development and deployment of electric vehicle charging infrastructure in Singapore. As the nation pushes towards a more sustainable future, the role of such companies becomes increasingly significant. The CCS’s assessment will focus on whether the merger could potentially lead to a monopoly or reduce the competitive landscape, which could impact pricing and innovation.
The CCS has invited stakeholders and the public to provide feedback on the potential implications of the acquisition. This consultation process is part of the commission’s commitment to transparency and thorough evaluation of mergers and acquisitions that could have far-reaching effects on the market and consumers.
The outcome of this review could set a precedent for future mergers in the rapidly growing electric vehicle sector. As Singapore continues to advance its green initiatives, ensuring a competitive market for electric vehicle infrastructure remains a priority.
