Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Emerging

HOME > Industry


State Grid official predicts 60-pct rise in EV sales in China in 2018

March 9, 2018


Abstract : The State Grid Corporation of China (SGCC) forecast a 60-percent increase in the sale of electric vehicles (EVs) in China, which already accounts for the lion's share of EVs worldwide.

专家应利用先进锂电技术 推动电动汽车市场化发展

HOUSTON, Mar. 9 (Xinhua) -- The State Grid Corporation of China (SGCC) forecast a 60-percent increase in the sale of electric vehicles (EVs) in China, which already accounts for the lion's share of EVs worldwide.

At CERAWeek, an annual energy conference organized by U.S. business company IHS Markit in Houston, Texas, SGCC's Executive Vice President Wang Min said there were 3.2 million EVs around the world by the end of last year. More than half of them, or 1.7 million, were in China.

"About 500,000 EVs are expected to be sold in the Chinese market in 2018, up 60 percent over 2017," Wang said.

SGCC has built the world's largest Internet of Vehicles (IoV) network in terms of coverage and the number of devices, connecting 17 charging facility operators and providing access to about 170,000 charging piles, he told the gathering.

Besides using cutting-edge technologies, such as big data and cloud computing, SGCC has also achieved universal plug-in and payment methods for most charging piles nationwide. EV owners can use a mobile phone app to locate nearby charging piles.

The quick charging facilities built by SGCC cover 150 cities across China and along a 31,000-km stretch of highways.


Related Coverage

Focus

Think Tank

  • AIIB should broaden horizons to gain global impact

    December 17, 2018

    AIIB this year set a ceiling on non-regional investment, limiting it to 15 p...

  • Chinese enterprise helps Zimbabwe enhance power supp...

    December 17, 2018

    Chinese enterprises have actively responded to the Belt and Road Initiative ...

  • China in 2019 : Getting the stimulus dosage right

    December 14, 2018

    With policy support, while urbanization, an aging population and the rise of...

  • New ideas can drive China’s era of reform, growth

    December 13, 2018

    If China can take the 40th anniversary of reform and opening-up as an oppor...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial