- Monday 2010-07-26 18:23
July 26 -- State Grid Corporation of China (SGCC) signed a cooperation agreement with the Shanghai municipal government to construct a smart grid on July 25, reports yicai.com, citing a company announcement.
According to the Oriental Morning Post, SGCC plans to construct seven charging stations and 360 charging spots in Shanghai's first electric vehicle pilot project.
SGCC has completed the building of six charging stations and more than 100 charging spots in Shanghai, according to publicly available information.
In addition, Shanghai plans to construct another 5,000 charging stations within three years.
According to an announcement by the Shanghai municipal government, Shanghai aims to develop between three and five leading smart grid companies in order to generate industrial output of 50 billion yuan from this sector.
Shares of Shanghai Electric Group (601727) rose by 2.08 percent to close at 7.37 yuan today.
