Apollo

What Apollo does

Apollo is a Hong Kong-headquartered, publicly-listed company (HKEX: 0860) that manufactures and sells electric vehicle (EV) charging solutions. The company's stated core business is the design, production, and distribution of EV charging infrastructure and related services. Apollo is led by Sung Kin Man, who serves as Chairman and Executive Director & CEO.

In January 2023, Apollo completed the acquisition of WM Motor, a Chinese electric vehicle manufacturer, signaling a strategic vertical expansion from charging hardware into the broader electric mobility value chain. The combination of EV charging solutions with WM Motor's passenger EV portfolio positions Apollo as an integrated EV ecosystem play spanning both the vehicle and charging infrastructure layers. The company maintains operations in Hong Kong and employs between 101–250 staff.

The business model combines hardware sales of charging equipment with associated services. Apollo is publicly traded on the Hong Kong Stock Exchange under ticker 0860, providing capital markets access for funding growth initiatives. The acquisition of WM Motor suggests the company is pursuing an OEM-plus-infrastructure strategy, although the integrated business model has yet to demonstrate consistent profitability based on the available financial signals.

Name

Apollo

Website

https://apollofmg.com

Company type

Private

Headcount range

101–250 employees

Short description

Apollo (HKG:0860) is a Hong Kong-based public company that manufactures and sells electric vehicle charging solutions and, following its 2023 acquisition of WM Motor, operates as an integrated EV mobility and charging infrastructure provider.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro industry

PRIMARYIMACAJAK

Automotive Charging Hardware Manufacturing (On-board Chargers, Charge Inlets, DC-DC)

Industrials, Manufacturing & Construction/Automotive & Mobility Manufacturing/Automotive Electrical & Electronics Manufacturing (ECUs/Sensors/Wiring/Lighting)

SECONDARYTLAKAMAG

EV Charging Network Management & Software Services (CPMS, Monitoring, Billing)

Transportation & Logistics/Vehicle & Equipment Maintenance, Repair & Services (MRO)/Battery, EV Charging & Electrification Service (EV/Hybrid)

Keywords

• EV charging solutions
• Electric vehicle chargers
• Charging infrastructure
• EV charging hardware
• New energy vehicles

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

Apollo is a manufacturer and seller of electric vehicle charging solutions. It designs, produces, and distributes EV charging hardware and associated services for customers adopting electric mobility, and has expanded its footprint in the new-energy vehicle space via the 2023 acquisition of WM Motor.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Vehicle Charging Solutions

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• ChargePoint Holdings: ChargePoint is one of the largest EV charging network and hardware providers globally, selling chargers and software services to commercial and fleet customers — directly comparable to Apollo's stated EV charging solutions business.
• Wallbox: Wallbox designs and manufactures EV charging hardware for residential and commercial markets, including bidirectional chargers, directly comparable to Apollo's hardware manufacturing focus.
• Blink Charging: Blink Charging manufactures and operates EV charging hardware and networks for commercial, retail, and fleet use, directly overlapping Apollo's charging solutions offering.
• EVgo: EVgo operates a public fast-charging network and provides charging hardware and software services, a closely comparable business model to Apollo's charging solutions play.
• Tritium DCFC: Tritium is a specialist DC fast-charger hardware manufacturer serving global fleet and depot customers, directly overlapping Apollo's EV charging equipment manufacturing scope.

Broad incumbents

• BYD: BYD is the largest Chinese EV manufacturer and also produces EV charging hardware and battery-swap infrastructure, broadly overlapping Apollo's combined EV + charging exposure after the WM Motor acquisition.
• Schneider Electric: Schneider Electric provides EV charging infrastructure, energy management, and electrical distribution hardware as part of a global energy-management portfolio, broadly comparable to Apollo's electrical-equipment orientation.
• Tesla Energy: Tesla operates the Supercharger network and sells home and commercial EV charging hardware as part of its broader EV and energy business, a broad incumbent comparable to Apollo's charging offering.
• ABB E-mobility: ABB's E-mobility division offers AC and DC EV chargers, depot solutions, and software as part of a much broader industrial and electrification portfolio, making it a broad incumbent comparable to Apollo.

Emerging players

• NIO: NIO is a Chinese premium EV OEM with its own battery-swap and charging network, an emerging player that overlaps with Apollo's EV + charging positioning in the China market.

Market position

Strengths4 records

Weaknesses4 records

Key risks5 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Apollo