China Southern Power Grid to invest 25.1 billion yuan for charging facilities construction in 4 years

SHANGHAI, Apr 2 (SMM) – The state-owned China Southern Power Grid company has planned to accelerate its investment in new energy vehicle charging facilities in the coming years, as part of the move to develop "new infrastructure" projects for boosting sustainable growth of the economy. 

The company pledged to deploy centralised charging stations in the Guangdong-Hong Kong-Macao Greater Bay Area, Hainan Free Trade Zone and key cities in Guangxi, Yunnan and Guizhou provinces. 

In the next four years, it will invest 25.1 billion yuan for the construction of charging facilities, targeting to set up 150 large-scale centralised charging stations and 380,000 charging piles.

Open data show that China Southern Power Grid has invested a total of 3.18 billion yuan in the construction of 31,600 charging piles by December 2019. 

The company said it has also stepped up investment in other "new infrastructure" areas including the ultra-high-voltage power grid and artificial intelligence.