18 August 2019

State Grid opens charging facilities to investors, paper says

State Grid Corp. of China, the country’s biggest power distributor, will allow private capital to invest in electric charging facilities, Securities News reported Wednesday, citing chairman Liu Zhenya. This comes after a number of local governments unveiled plans to build more charging poles including 6,000 in Shanghai, 10,000 in Beijing and 5,000 in Wuhan, the report said. The move is expected to benefit the likes of BYD Co. Ltd. (01211.HK), Anhui Jianghuai Automobile Co. Ltd. (600418.CN) and other makers of electric vehicles, some analysts were quoted as saying.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe