China's State Grid to build 78,000 charging piles in 2020

Published: Apr 14, 2020 17:14

Save

China's State Grid said on Tuesday that it will invest a total of 2.7 billion yuan in the construction of charging piles and build 78,000 charging piles this year.

SHANGHAI, Apr 14 (SMM) – China's State Grid said on Tuesday that it will invest a total of 2.7 billion yuan in the construction of charging piles and build 78,000 charging piles this year. The number of planned new charging piles is 10 times as much as the addition last year.

The state-owned electric utility giant also announced that it will kick off construction of 126 charging pile projects across 18 Chinese provinces and cities, which entail a total of 360 million yuan of investment, to facilitate the development of the electric vehicle charging network.

Charging pile

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 hours ago

Platinum Prices Edged Up Intraday, Spot Discounts Held Steady and Market Transactions Were Normal [SMM Daily Review]

22 hours ago

Silver Prices Rose Slightly as the Spot-Futures Price Spread Widened; Approaching Month-End, Trading in the Spot Market Remained Sluggish [SMM Daily Review]

22 hours ago

Gold – From the Iran War to Global Financial Catastrophe

For almost four weeks, the war against Iran has kept the world on edge – a conflict that leaves deep marks not only geopolitically but also economically. Volatility and uncertainty in global markets are increasing daily.

22 hours ago