(11 September 2024, Hong Kong) During the distinguished Belt and Road Summit 2024 in Hong Kong, Templewater highlighted its reinforced collaboration with the Oman Investment Authority (OIA). This ongoing partnership focuses on propelling zero-emission transportation solutions worldwide, utilizing the expertise of Templewater’s portfolio company, Wisdom Motor.
The partnership, established through a Memorandum of Understanding (MoU) signed in March, was further emphasized during OIA's comprehensive two-day visit to Hong Kong. Highlighting the visit was a tour of Citybus' bus depot in West Kowloon, where OIA delegates explored pioneering sustainable transport technologies. This included an introduction to the world's first tri-axle hydrogen double-decker and Hong Kong's inaugural hydrogen refueling station—both significant achievements of Citybus, another Templewater company committed to innovative, eco-friendly transportation solutions.
Mr. Michael Chou, Vice-Chairman of Wisdom Motor, commented on the visit, “Our deepened collaboration with Oman Investment Authority is a testament to our shared vision of a cleaner, sustainable future. We are thrilled about the expanded opportunities this partnership will foster for deploying eco-friendly transportation solutions, not just in Oman and the GCC region but globally.”
Templewater’s strategic investment in its portfolio companies, including Wisdom Motor and Citybus, facilitates technological exchanges and promotes economic cooperation, aligning with the goals of the Belt and Road initiative. By nurturing these international partnerships, Templewater is dedicated to accelerating the adoption of zero-emission vehicles, contributing significantly to environmental sustainability and technological innovation in the transportation sector.
The ongoing engagement between Templewater, Wisdom Motor, and the Oman Investment Authority sets a new standard for international cooperation in the development of green technologies, furthering the global transition towards sustainable transport solutions.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Templewater
Jason Li
Investor Relations
+852 31875000
About Oman Investment Authority (OIA)
The Oman Investment Authority (OIA) is the sovereign wealth fund of the Sultanate of Oman. Established to drive economic diversification, enhance revenue streams, and manage the nation's investments both domestically and internationally, OIA plays a pivotal role in Oman's long-term wealth preservation and generation strategy. With a diverse portfolio spanning multiple sectors, OIA is committed to sustainable investments that contribute to the country's economic growth and global investment footprint. Through strategic partnerships and a focus on innovation, OIA aims to ensure the prosperity and welfare of future generations in Oman.
For more information, please visit www.oia.gov.om
About Wisdom (Fujian) Motor Company Limited
Founded in China in 2019, Wisdom (Fujian) Motor Company Limited (Wisdom) is a technology company that designs and manufactures zero-emission commercial vehicles. With a vision of becoming a global role model for zero-emission smart commercial vehicles, Wisdom focuses on exporting high-end products across the world, having sold, and delivered eight types of products in more than 500 vehicles to 22 regions in the five years since inception.
For more information, please visit www.wisdommotor.com
About Templewater
Templewater is an alternative asset management firm headquartered in Hong Kong, founded by Mr. Cliff Zhang and the Investec Group in 2018 as a spin-off of Investec Group’s Principal Investments Division in Asia, continuing the heritage and investment track record of the Investec Group.
Expanding its impact investing horizon, Templewater has launched the Templewater Decarbonization Fund, a focused initiative dedicated to fostering the transition to a low-carbon economy. With a strategic commitment to decarbonization, the fund focuses on innovative technologies in hydrogen, smart mobility, energy storage and CCUS sectors to foster a more efficient energy transition.
For more information, please visit www.templewater.com
