China to rev up in­vest­ment on elec­tric­ity recharg­ing fa­cil­i­ties to sup­port EV growth

Global Times - - BIZ UPDATE - By Zhang Hong­pei Page Ed­i­tor: chu­[email protected] glob­al­times.com.cn

Charg­ing ser­vices for elec­tric ve­hi­cles (EVs) in China will be en­hanced greatly in the next three years with more mar­ket par­tic­i­pa­tion and less govern­ment in­volve­ment, said a Chi­nese se­nior of­fi­cial on Satur­day.

The boom of EV sales in China in the past few years has called for more in­vest­ment in elec­tric­ity charg­ing fa­cil­i­ties. How­ever, the seg­ment, gen­er­ally in a weak po­si­tion in the en­tire in­dus­trial chain, has a lower growth rate com­pared with that of EVs. This sit­u­a­tion calls for more at­ten­tion if the new-en­ergy ve­hi­cle (NEV) sec­tor wants to re­al­ize co­or­di­nated growth.

Li Ye, ex­ec­u­tive di­rec­tor for reg­u­la­tion at the Na­tional En­ergy Ad­min­is­tra­tion (NEA) of China, said at the China EV100 Fo­rum held in Bei­jing on Satur­day that the charg­ing in­dus­try is faced with prob­lems like in­se­cure ba­sics and im­bal­anced lay­out in the coun­try.

Li told the fo­rum that as of the end of last year, China’s charg­ing piles had reached 760,000, up 320,000 com­pared with the end of 2017.

Of the to­tal, about 300,000 were owned by the pub­lic sec­tor, which has seen a slow growth rate. The rest were in­vested by pri­vate busi­nesses, which have main­tained high growth in line with the NEV in­dus­try’s trans­for­ma­tion from govern­ment-led to mar­ket-driven, said Li.

As of the end of Novem­ber 2018, Bei­jing had 219,000 NEVs and 147,000 charg­ing piles, of which about 73 per­cent were pri­vately owned.

How­ever, get­ting bat­tery recharged is still not con­ve­nient for every EV owner in Chi­nese cities.

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