CHINA-ECONOMY: CHINA'S STATE GRID TO INSTALL NEW HI-TECH INFRASTRUCTURE AND CONSTRUCT BATTERY CHARGING PILES AT GOVERNMENT'S REQUEST

State Grid Co. of China pledged 2.7 billion yuan ($382 million) for the construction of electric vehicle (EV) battery charging piles this year, responding to a push from the central government to develop high-tech infrastructure. The country’s largest electricity distributor announced the plan in a virtual conference on April 14. According to the meeting, a total of 78,000 charging piles — 10 times last year’s installation figure — will be installed in 18 provincial-level regions, with 53,000 earmarked for local residential areas and 18,000 set for public use. Charging piles have been included within the category of “new infrastructure,” which China plans to invest in as a way to provide new momentum for economic development.







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