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July 28, 2020

State Grid, BAIC, join forces on EV recharging network

State Grid Electric Vehicle Service, an offshoot of China's state owned electricity provider, has partnered with local carmaker BAIC Group to expand its electric vehicle (EV) recharging network.

By bcusack

State Grid Electric Vehicle Service, an offshoot of China’s state owned electricity provider, has partnered with local carmaker BAIC Group to expand its electric vehicle (EV) recharging network.

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The two are now working together to establish a dedicated EV service network which will include charging piles and battery replacement stations.

The network will also feature EV and battery pack sales operations and other facilities, according to local reports.

EV battery replacement is offered as an alternative to recharging services.

Last month, State Grid Electric Vehicle Service signed a similar collaboration deal with BMW to help the German carmaker roll out its EV recharging network in the country.

State Grid EV Service said two battery replacement stations in Ji’nan and Qingdao in Shandong province, built jointly by the two companies, commenced operations this week.

The National Energy Administration said China had 1.32m charging piles and 120 battery replacement stations at the end of June, making it the largest EV charging and battery replacement network worldwide.

State Grid EV Service alone has a network of 658,000 charging piles in operation in the country and aims increase this to more than 1m by the end of the year.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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