Chaebi, the first charger operator to challenge KOSDAQ listing 'finished submitting securities report'

*This content was translated by AI.

CHAEVI, the No. 1 electric vehicle fast charging market share in South Korea, submitted a securities report to the Financial Supervisory Service on March 4, 2026, and began a full-fledged public offering process for listing on the KOSDAQ. The listing is drawing keen attention from the market in that it is the first case of entering the KOSDAQ among electric vehicle charging infrastructure operators (CPO). Chaebi will offer a total of 10 million shares through the listing, with the desired offering price range set at 12,300 won to 15,300 won per share. Through this, it plans to raise up to KRW 153 billion and focus on infrastructure advancement and global market expansion.

Despite the deficit, the company has the highest share in the domestic market, and the charger operation rate is three times higher than the industry average of 10%. Above all, Chaebi has secured about 5,900 fast charging facilities, the largest among domestic private operators, and has completed vertical integration covering the entire process from charger development to manufacturing, installation, operation, and follow-up management. In particular, in the technology sector, he won the Innovation Award for three consecutive years at CES, the world's largest IT exhibition. In particular, it proved its global competitiveness by winning two gold medals in 2026 with the 2.2 MW ultra-high power charging system (MCS), which can fully buffer large commercial electric vehicles in less than 10 minutes.

The raised public offering funds are expected to be used to develop AI-based demand forecasting systems and target global markets such as North America and Europe. Chaebi has already signed large-scale export contracts with the United States, Saudi Arabia, and Japan, laying the groundwork for expanding its overseas market share. It is also planning to maximize user convenience by expanding the 3rd generation charger equipped with Tesla's NACS connector to major Seoul bases and highway rest areas nationwide.

As for the possibility of success, positive prospects and prudence intersect. On the positive side, policy support such as the symbolism of being No. 1 in Korea, high utilization rate, and the government's freeze on electric vehicle subsidies and new conversion subsidies are supported. On the other hand, the recent temporary slowdown in demand in the electric vehicle market, "Chasm," and continuous operating losses due to aggressive investment are challenges to overcome. As Chaebi enters the stock market through a special listing for unrealized profits, it is necessary to prove to investors a concrete vision for the timing of the future surplus transition.

For the future schedule, demand forecasts for institutional investors will be conducted from the 23rd to the 27th of this month to confirm the final public offering price, and the listing will be completed by the end of this year after general subscription from April 1 to 2. Industry insiders expect Chaebi's listing to be a catalyst to revive investor sentiment in the electric vehicle charging industry, which had been shrinking, and if the listing is successful, the IPO relay in new industries in the region, including robots and charging infrastructure, will continue.

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*This content was translated by AI.