The Competition and Consumer Commission of Singapore (CCS) is inviting public feedback on commitments proposed by SP Mobility Pte. Ltd. (SPM) regarding its planned acquisition of Strides YTL Pte. Ltd. (ChargEco). The acquisition has raised competition concerns as both companies supply Electric Vehicle Charging Points (EVCPs) in Housing Development Board (HDB) car parks in Singapore’s East region.
The concerns stem from a large-scale tender in November 2022, where both SPM and ChargEco were awarded contracts to supply EVCPs in the East region, including areas like Bedok and Tampines. Prior to the proposed acquisition, the two companies were competitors in this market.
To mitigate these concerns, SPM has proposed several commitments. These include maintaining EV charging prices at pre-acquisition levels, except when costs from regulators or uncontrollable factors necessitate changes. Additionally, SPM has pledged not to apply discounts or rebates in a discriminatory manner against drivers charging in the East region.
These commitments are set to last for three years from the CCS’s final decision on the acquisition. SPM has also agreed to notify CCS of any price adjustments at the East HDB EVCPs. CCS retains the right to appoint a Monitoring Trustee if non-compliance is suspected.
Public feedback on these commitments is open until 5pm on 13 April 2026. The CCS aims to determine if the proposed measures adequately address the competition issues identified. Further details and submission guidelines are available on the CCS website.
