Independent research firm ValueFinder published a report on CHAEVI, a leading EV charging infrastructure company, on March 27, describing the company as "a key player poised to lead the EV charging platform market."
The Korean government has set a target to convert 50% of new car sales to eco-friendly vehicles by 2030. Policy support is strengthening this year, including the introduction of EV transition subsidies, a roughly 30% increase in subsidy budgets, and stricter EV sales requirements for automakers.
ValueFinder analyst Lee Choong-hun noted that the direct benefits of EV adoption expansion will flow to charging infrastructure operators, and added that CHAEVI, Korea's No. 1 private fast-charging operator, stands to benefit from the trend.
Founded in 2016, CHAEVI is an EV charging infrastructure company providing one-stop solutions from charger development, manufacturing, installation, and operation to after-sales management, holding the No. 1 market share in Korea's fast and ultra-fast charging infrastructure sector.
The company directly owns and operates 5,910 fast-charging points. Including chargers owned by the Ministry of Environment, it manages over 10,500 in total—making it one of the largest CPO operators in Korea.
The company plans to raise about KRW 120.2 billion through its IPO to expand charging infrastructure, scale its "CHAEVI Stay" network, and build overseas production facilities.
CHAEVI also won two CES 2026 Innovation Awards for its megawatt-class ultra-fast charging platform, and received the prestigious iF Design Award in Germany, reinforcing its technological competitiveness. The company is accelerating its push into the North American market, having signed an MOU worth approximately USD 100 million with the City of Riverside, California, for EV charging infrastructure development.
ValueFinder analyst Lee Choong-hun stated, "The company's CPO operations revenue has been growing at a CAGR of approximately 59.4% despite the EV adoption chasm," adding that "structural growth drivers including the advent of autonomous driving, declining EV prices, and rising oil price volatility are expected to drive further demand for fast-charging infrastructure."
He further noted, "The high mandatory lock-up commitment ratio of 75.16%, limiting the proportion of tradable shares on the listing date to 24.84%, is also a positive factor for early share price stability."