JINAN: China’s new energy vehicle (NEV) industry has experienced rapid development in recent years. Data from the China Association of Automobile Manufacturers showed that the output and sales of NEVs rose to 3.79 million and 3.75 million units, respectively, in the first half of this year.
The association also estimates that China’s vast countryside has a market potential of 500 billion yuan (about 68.5 billion U.S. dollars).
Charging infrastructure is one of the primary concerns for NEV buyers.
In the first half of this year, the State Grid Jinan Power Supply Company built 82 charging stations and installed 255 charging piles in the rural areas of Jinan.
Meanwhile, 2,224 rural families have applied for private charging piles.
In July, the National Development and Reform Commission released new measures to stabilize and expand China’s auto consumption, further promote the development of the NEV industry and build more charging facilities in small cities, townships and villages.
