According to the result of a research, alternative fueled vehicles ownership in China reaches about 120,000 units, with only 30,000 charging station in operation, which indicates a huge potential in the charging station construction since its quantity is far less than demanding. The business scale of EV charging station will reach 33.078 billion yuan by 2016 and could reach 100 billion yuan by 2020 based on the expectation of professional organizations.

While the rapid development of alternative fueled vehicles sales, charging station foundation has also ushered in an investment boom. A few days ago, BMW and Le-TV have issued charging station strategy, which will rapidly raise the quantity of charging infrastructure construction in the country. It is reported that the BMW will be the construction of more than 1000 immediate charge stations by the end of next year based on its “Charge Now” strategy. While Le-TV has invested tens of millions yuan in the market, posting the layout of the market in advance.

According to statistics, alternative fueled vehicles produce 21,303 untis in August this year in China, with sales of 18,054 units. Production surged 2.9 times year on year. Sales increased 3.5 times compared with the same period of last year.
Pure electric vehicle production and sales last month completed 13,121 and 12,085 units respectively, a year-on-year increase of 3.8 times and 6.1 times respectively.

Plug in hybrid electric vehicle production and sales reached respectively 8,182 and 5,969 units in the same period, increasing twice times and 1.6 times respectively over the previous year.

Source:Gasgoo