Tesla Motors, Chinese Firm Plan to Build 400 Charging Stations

Tesla CEO Elon Musk

Tesla CEO Elon Musk

Tesla Motors Inc. led by billion Elon Musk and state-owned China United Network Communications Corp., China’s second-largest mobile-phone company affirmed plans on Friday to build 400 charging stations for electric cars in another offer to push promote widespread adoption of the innovation in China.

Tesla spokesperson Peggy Yang stated that the 400 charging points will be built in 120 Chinese cities at China Unicorn outlets. The two companies will also build 20 supercharging points that will work around 16 times faster than others for high-speed charging.

Promoters of electric cars see China as a favorable market because of Beijing’s backing for the engineering and willingness to reduce carbon emissions. In any case the absence of charging stations is seen as a significant obstruction to winning general acknowledgement.

Tesla released its first U.S.-manufactured electric vehicles to Chinese consumers in April and CEO Elon Musk said then the organization wanted to contribute a few hundred million dollars to manufacture charging stations in China. Before this, Tesla had 200 charging points in China.

Preceding Friday’s report, Tesla had 200 charging focuses in China.

“This cooperation will accelerate the Tesla charging network nationwide,” said a company spokeswoman, Peggy Yang, in an email.

Germany’s BMW, also plans in May to set up 50 charging stations in partnership with State Grid, China’s greatest state-owned utility, and a real estate developer.

Chinese leaders are keen to create an electric auto industry and even brought in 2009 for annual sales of 500,000 electric cars by 2015 yet have scaled back those measures. The nation has around 78,000 electric vehicles, for the most part open transports and taxies. Chinese government is also considering funding 100 billion yuan ($16 billion) to boost development of charging stations and encourage use of electric cars.

Industry development has been abate somewhat because of regulations unless overseas manufacturers offer engineering with Chinese accomplices that may get to be opponents.

In July, the administration affirmed buyers of electric cars will be absolved from a 10 percent sales tax on cars.

Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Recent Posts

Evergrande: A black swan event that could spook markets

Evergrande: A black swan event that could spook markets

EverGrande is now known as the “world’s most indebted property developer” and serves as a symbol of corporate excess.
20 hours ago
Moderna vaccine more effective than Pfizer, study says

Moderna vaccine more effective than Pfizer, study says

Moderna’s Covid-19 vaccine does a slightly better job of preventing coronavirus-related hospitalizations and emergency department visits.
3 days ago
iPhone 13 and iPhone 13 Pro: Specifications, Release Date, Features and much more

iPhone 13 and iPhone 13 Pro: Specifications, Release Date, Features and much more

Apple iPhone 13 Pro and iPhone 13 Pro Max can be a hit with its ever new technology A15 Bionic chip and other cool profound features.
4 days ago
Total signs $27 billion energy deal to fund 1-gigawatt solar power plant

Total signs $27 billion energy deal to fund 1-gigawatt solar power plant

The French oil major, Total, has signed a $27 billion deal to fund a 1-gigawatt solar power plant, and boost oil and gas production in the Middle-East region.
4 days ago
PMI seals $1.51 billion takeover of British inhalation specialist Vectura

PMI seals $1.51 billion takeover of British inhalation specialist Vectura

Philip Morris International (PMI) acquires a 22.6% stake in British inhalation specialist Vecutra closing in on the controversial $1.51 billion takeover.
5 days ago
Apple co-founder Steve Wozniak joins the space race

Apple co-founder Steve Wozniak joins the space race

Wozniak, popularly known as “Woz”, is setting up a private space company with Ripcord co-founder Alex Fielding. In a tweet, Wozniak shared a promotional video for the company c
6 days ago