In may, Volkswagen and its Chinese partners JAC and FAW announced a joint venture in charging infrastructure in China, and Star Charge has been officially launched. The joint venture is called CAMS new energy technologies. CAMS will have an equity stake of 812 million yuan (105 million euros). Volkswagen (VW), FAW Charge (auto works) and Star (Star at) each hold a 30% stake in a joint venture, jianghuai auto (JAC) owns 10% of the remaining.
By 2028, the public plan sales in China more than half of the 22 million electric cars. Cornerstone of the project will be MEB factory in Shanghai, is expected to begin next year. Vw will be able to sell 400,000 electric cars in China.
As CAM's analysis of the first half of 2019 shows, China remains the world's largest market for electric cars and is expanding its lead. To the disappointment of many consumers, however, China's more than 400,000 public charging stations are not always reliable. Many of the pillars are built only for subsidies, but are no longer available during operations, making them less and less attractive.
Companies that see a business model in the operation of charging stations also maintain them and make them available. Star Charge, vw's joint venture partner, said it had operated more than 90,000 charging stations in 228 Chinese cities. Other carmakers, such as Nio and Xpeng, are also investing in their own sales networks.
News Original Website:
https://www.electrive.com/2019/07/15/vw-founds-charging-joint-venture-in-
Rlated Electric Car Charging Station:
SENKU DC FAST EV CHARGING STATION
#charging station##electric car charging station#