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

Updated 2018-03-09 10:44:05 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.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58March 20 2018 08:26:35

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16March 20 2018 08:26:35

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18March 20 2018 08:26:35

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords