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BMW to build 360,000 charging points in China to boost EV sales
2021/06/04 05:57:04

Jun 04, 2021 (China Knowledge) - BMW (BMW.DE) announced yesterday that it plans to collaborate with local partners in China, including electric vehicle (EV) charging infrastructure provider TGood, (300001) to construct 360,000 EV charging points across the country this year.

The German automaker has said that vehicles from other car manufacturers will also be able to use the new charging points, of which 150,000 will support fast-charging modes.

The move is part of BMW's efforts to seize EV demand in China, with Jochen Goller, president and CEO of BMW Group China, stating that by 2025, at least one in four BMW cars sold in China will be electric.

However, the adoption of EVs has been hindered by a lack of charging infrastructure across China’s vast territory.

Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA) said that constructing new charging points is an effective way for companies to improve its brand competitiveness and encourage purchases by customers.

BMW currently has access to over 300,000 charging pillars in China. Last year, the company also entered a deal with China’s utility giant State Grid Corporation to jointly expand the nation's charging network.

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