BUSINESS China's electric vehicle charging posts continue to boom

BUSINESS

China's electric vehicle charging posts continue to boom

Xinhua

09:59, May 17, 2020

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Photo: VCG

BEIJING, May 17 (Xinhua) -- Despite a slowing domestic new-energy vehicle market, the number of charging posts across the country rose to around 1.29 million by the end of April, according to data from the Electric Vehicle Charging Infrastructure Promotion Alliance.

This represents year-on-year growth of 35 percent and was 20,000 higher from the end of March, the alliance said.

Among all the charging posts, 547,000 were public.

From May 2018 to April 2020, China added around 13,000 new public charging posts each month on average.

Weighed down by the COVID-19 epidemic, China's new energy vehicle market posted lackluster performance during the first four months, with production and sales plunging 44.8 percent and 43.4 percent year on year, respectively, data from the China Association of Automobile Manufacturers showed Monday.

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