The company aims to build over 1,000 charging stations by 2025 in China, having built 203 as of September. – Reuters
SHANGHAI: China National Petroleum Corp (CNPC) has announced the establishment of a new energy company with its business covering battery manufacturing, new energy vehicle (NEV) sales and charging piles.
The business of the company, with a capital of 60 million yuan (RM37.58mil), also includes new energy vehicle accessories sales, power transmissions, distribution and control equipment manufacturing, as well as the manufacture and sales of photovoltaic equipment and components, according to Tianyancha, a corporate information-sharing site.
CNPC, together with Shanghai Qiyuan Green Power Tech Co Ltd and Shanghai Enneagon Energy Tech Co Ltd, hold shares in the joint venture.
The company said earlier that it aims to build over 1,000 charging stations by 2025 in China, having built 203 as of September.
An analyst said China’s energy giants have been expanding their investment in low-carbon businesses including renewables, hydrogen and electric mobility to further facilitate the country’s goal of achieving carbon neutrality by 2060. — China Daily/ANN
