China Southern Power Grid to build 2,340 charging piles in Guangdong in 2020

Egypt has joined the ranks of popularising EVs in the Middle East, requiring a state-owned company to cooperate with a Chinese company to produce affordable EVs, while using Egypt’s booming renewable energy to power these automobiles.

According to statistics from the United States Geological Survey in 2015, the world's proven land cobalt resources were about 25 million mt, with reserves of 7.2 million mt. The Democratic Republic of Congo, Australia and Cuba accounted for 68% of the global cobalt reserves. Congo (Gold) is the country with the most abundant cobalt reserves. As of 2014, cobalt reserves in Congo stood at 3.4 million mt, accounting for more than 50% of the world’s total.

Demand for lithium iron phosphate (LFP) batteries in the new energy vehicle market, which enjoy more cost advantage as compared to high-nickel ternary batteries, will likely increase with support from the latest 2020 NEV subsidy policy, under which only passenger cars costing less than 300,000 yuan/unit will receive subsidies. 

The coronavirus crisis is providing Chinese manufacturers of electric vehicles and EV batteries with more time to brace for competition from foreign rivals, as factories outside China are shuttered and Beijing would extend subsidies for new energy vehicles to 2022. The State Council, China’s cabinet, on Tuesday announced the two-year extension, among other measures, aimed at reviving its car market which has been hit hard by the pandemic outbreak and slumping demand. Originally, the subsidies were to be terminated at the end of this year.

For public charging piles, members of the alliance added 10,926 units in Jun, sending the total number to 412,000 units

Chinese automakers are unlikely to be short of the “credits” needed to operate in China after 2020 as more new-energy vehicles are produced, according to chief analyst at RealLi Research, Mo Ke