China’s Largest EV Charging Network Targets Breakeven
The company that controls 41% of China’s charging stations for electric cars predicts it will break even in 2018 after two years of losses.
#hybrid
The company that controls 41% of China’s charging stations for electric cars predicts it will break even in 2018 after two years of losses, Bloomberg News reports.
Qingdao TGOOD Electric Co. current operates roughly 300,000 chargers in China, where the number of plugin and all-electric cars is about 1.8 million units, according to the Ministry of Public Security and an alliance of charging infrastructure developers. The company says it already is profitable in large markets such as Beijing, Guangzhou and Shanghai.
China hopes to have 4.8 million charging points and 5 million new-energy vehicles in operation by 2021. Bloomberg notes that the number of charging units has jumped 80% to more than 700,000 this year.
RELATED CONTENT
-
Ford Copies Nature
As Nature (yes, capital N Nature) has done a pretty good job of designing things, it is somewhat surprising that Man (ditto) doesn’t follow Nature’s lead more often when it comes to designing objects.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.