1. Total number of document(s): 1
Section/Page: Business/16 Date: 2010-03-03
China Daily
Oil companies plan charging stations
By Xiao Wan
Clean energy measures to reduce dependence on costly fuel importsBEIJING - Domestic oil companies
have started developing charging stations for electric vehicles to cash in on the growth in clean
energy.
Oil refiner Sinopec has already started to work with the Beijing municipal government to develop such
stations. The company has set up a joint venture with a Beijing-based technology company for the
stations, a company official said on Tuesday.
The new joint venture will have registered capital of 50 million yuan. It will upgrade some of
Sinopec's existing gas stations in Beijing to electric vehicle charging stations, and also consider
extending such stations to regions in Tianjin municipality and Hebei province.
Construction of electric car charging stations is part of the oil company's plans for clean energy
development, the official said on condition of anonymity.
China's third largest oil company, CNOOC, has joined forces with domestic IT equipment manufacturer
China Potevio Co Ltd to develop new energy vehicles and batteries, as well as power supply systems.
The company has also invested in Tianjin Lishen Battery Joint-Stock, a domestic firm that makes
lithium batteries for electric vehicles. CNOOC is planning to build charging stations for electric
vehicles as part of its strategy to support alternative energy, a company official said on Tuesday.
Charging stations for electric vehicles are new business opportunities for domestic oil companies,
said Lin Boqiang, a professor at Xiamen University. "I believe it will be a very promising
business."Oil consumed by the transportation sector currently accounts for nearly 40 percent of the
nation's total oil consumption, and the figure is expected to rise to 60 to 70 percent in 2020.
Development of new energy vehicles, including electric vehicles, will help reduce oil consumption, he
said.
"At present over half of the crude oil we are using is imported. From that perspective, using clean
energy to power automobiles would help ensure the country's energy security," he said.
Clean energy automobiles can also help China to achieve its target of reducing pollution, he said.
Echoing Lin's views that construction of more electric vehicle charging stations will further boost
the clean energy vehicle industry, Jia Xinguang, an auto analyst in Beijing, said that companies
should focus on building such stations at major parking lots, as the charging process always takes
several hours.
The nation should also put forward an industry standard for building such stations for the healthy
growth of the sector, he said.
Wang Bin, president of Beijing Lithium Energy Investment Co, a domestic electric car and battery
producer, said his company is keen on developing such stations in parking lots and areas adjacent to
shopping malls and restaurants, but not in gas stations.
Wang's company is working with the State Grid on developing such stations.
The company has worked with local government in Tangshan in Hebei province to build several pilot
stations, he said.
China's largest electricity distributor, State Grid plans to construct 75 charging stations across 27
cities this year, the company said earlier.
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2. Section/Page: Business/16 Date: 2010-03-03
China Daily
The company completed constructing its first electric car charging station last November. The
station, covering 400 square meters, costs 5.08 million yuan, the company said on its website.
The copyright of this content is owned by the relevant media organization / copyright owner. Any reproduction, adaptation, distribution or
dissemination of this content without express authorization is strictly prohibited. All rights reserved. This content is sourced from
Wisers' electronic services.
本內容之版權由相關傳媒機構 / 版權持有人擁有。除非獲得明確授權，否則嚴禁複製、改編、分發或發布本內容。版權持有人保留一切權利。 本內容經慧科的
電子服務提供。
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