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Riverside signs nonbinding MOU to pursue Chevy Co Limited U.S. headquarters, charger deployment
Summary
Council authorized the mayor to sign a nonbinding MOU with Korean electric‑vehicle charger maker Chevy Co Limited to explore a U.S. headquarters, potential $100 million investment and initial deployment of 45 chargers in Riverside; revenue sharing and purchasing plans will be negotiated later.
The City Council authorized a nonbinding memorandum of understanding with Korean EV‑charger manufacturer Chevy Co Limited after staff presented results from a recent trade mission and an initial collaboration plan.
Deputy Director Miranda Evans described foreign direct investment outreach in Japan and Korea and said staff developed a lead with Chevy, which staff characterized as "the leading…
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