China electric vehicle and energy storage branch

Will China boost charging services for electric vehicles by 2025?

BEIJING — China will further boost charging services for electric vehicles to meet the demand of 20 million such vehicles by 2025, according to a guideline published on Jan 21.

Should China build a charging facility network in rural areas?

The guideline emphasized the construction of a charging facility network in rural areas. As part of the country's rural vitalization efforts, China expects to equip all counties with charging stations and all villages with charging piles.

Will China's energy storage capacity rise 19% year-on-year?

This is down from 34.5GW in 2023 - but it is also said that China's new energy storage capacity installations will rise 19% year-on-year to 41.2GW, according to the China Energy Storage Alliance. In addition to this, fellow Chinese electric vehicle manufacturer NIO has just opened its Smart Driving Technology Center in Schönefeld, Germany.

How will China improve charging facilities?

China will also strengthen maintenance and internet services for charging facilities, ensure solid work in grid construction and energy supply, boost quality and safety supervision, and increase fiscal and financial support, it said. The guideline emphasized the construction of a charging facility network in rural areas.

How has China impacted the electric vehicle industry?

The Chinese government has thrown its weight behind the electric vehicle industry with substantial subsidies, tax incentives, and investments in charging infrastructure. These efforts have made EVs more accessible to consumers and encouraged manufacturers to ramp up production.

Will China add new energy storage capacity in 2024?

China is expected to add 30.1GW of new energy storage, including that for lithium ion batteries, in 2024. This is down from 34.5GW in 2023 - but it is also said that China's new energy storage capacity installations will rise 19% year-on-year to 41.2GW, according to the China Energy Storage Alliance.