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The world's largest fuel distribution company
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Positive Effect On Company Profitability
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A Memorandum of Understanding has been signed between Naturel ChargeN Enerji A.Ş., in which our Company holds a 25% stake, and the Turkish subsidiary of the world's largest retail fuel distribution company and Europe's largest oil company, which has a network of more than 1,000 fuel stations, with the aim of establishing a long-term cooperation to develop electric vehicle charging infrastructure across Türkiye. Within this scope, it is targeted to establish and operate electric vehicle charging stations both at fuel station forecourts and at off-station destinations across Türkiye, primarily in the Marmara Region. Under the cooperation: - Establishment of a charging network throughout Türkiye, - Ensuring technical compatibility through a shared IT infrastructure, are planned. The investments will be undertaken by our company, and the final terms and conditions regarding infrastructure installations will be determined through a detailed joint venture agreement to be signed between the parties. In the first phase, the plan is to establish a total of 400 electric vehicle charging stations across Türkiye. However, our long-term goal is to build a comprehensive charging network comprising a total of 4,000 stations nationwide. Following the start of investments in Türkiye, it is also planned to implement a similar partnership in Europe in the short and medium term. According to the "Charging Services Market Monthly Statistics – December 2024" report published by EMRA (Energy Market Regulatory Authority), the number of electric vehicles in Türkiye has risen significantly over the last three years (2021–2024) from 7,694 to 185,513 units, and to 268,057 units as of June 2025 (a 3,480% increase), demonstrating strong growth momentum. By the end of the same period, the total number of charging sockets reached 31,433, following a similar growth trend. Based on these statistics, it is anticipated that charging services will continue to grow at an even faster pace in the coming years. Respectfully submitted to the public and our investors., This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
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