Genesis Energy has confirmed it will spend $64 million on taking a majority stake in ChargeNet - the nation's leading EV public charging network.
Under terms of the agreement, Genesis will acquire a 65 percent stake in ChargeNet, which was founded in 2015 by tech entrepreneurs Steve and Dianna West.
Genesis chief retail officer Stephen England-Hall says decarbonising New Zealand's transport output is critical to the country's future.
LISTEN ABOVE

Erica Stanford: Education Minister explains why Government not looking to ban VPNs
04:40

Barry Soper: Newstalk ZB senior political correspondent on the Government opening new diesel storage at Marsden Point
05:39

Murray Olds: Australian correspondent on Australia's reaction to China's ballistic missile test
04:52