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China's EV charging and swapping power use up 55.1% in Jan-Aug
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According to data released by China's National Energy Administration and reported by 华声在线 on September 22, the country's charging and swapping service industry consumed 114.7 billion kilowatt-hours (kWh) of electricity in the first eight months of 2024, a year-on-year increase of 55.1%. In August alone, the sector used 17.2 billion kWh, up 51.2% year-on-year, significantly outpacing the overall national electricity consumption growth of 1.7% for the month, which totaled 1,033.2 billion kWh. The charging and swapping sector became the core driver of growth for the tertiary industry, which saw overall electricity consumption rise 5.1% in August to 215.5 billion kWh. Additionally, the automobile manufacturing sector's electricity consumption grew 7.6% in August, with new energy vehicle manufacturing specifically posting a growth rate of 22.2%.
Source report
By Hu Rui | Huasheng Online | September 22
New data from the National Energy Administration shows that China's charging and battery-swapping service industry consumed a total of 114.7 billion kilowatt-hours (kWh) of electricity in the first eight months of this year, marking a year-on-year increase of 55.1%.
In August alone, the sector's electricity consumption reached 17.2 billion kWh, up 51.2% year-on-year. This growth rate far exceeded the national average, positioning the charging industry as a key driver of growth in the tertiary sector's electricity demand.
Broader Electricity Consumption Trends
- Total national electricity consumption in August surpassed the 1 trillion kWh mark, reaching 1,033.2 billion kWh, a 1.7% increase year-on-year.
- Tertiary sector electricity consumption totaled 215.5 billion kWh in August, up 5.1% year-on-year.
- Automobile manufacturing saw a 7.6% rise in electricity use in August, with new energy vehicle (NEV) manufacturing alone posting a robust growth rate of 22.2%.
Editor: Zhou Pei | First Review: Zhou Pei | Second Review: Lu Xiaowei | Third Review: Tan Deng Source: Huasheng Online
Source
华声在线Eastern
Part of this Story
China’s August power load hits record 1.56 billion kW as high-tech and EV charging surge