Investments in energy sectors set to increase
China DailyEmployees check a power transmission network in Zhangye, Gansu province. China Southern Power Grid also said it would invest 195.3 billion yuan from 2024 to 2027, including 40.4 billion yuan this year. Improvements in grid and transmission infrastructure will increase the grid's capacity to integrate power generated from new energy sources and support China's carbon goals," Qin said. Investment in the construction and upgrade of integrated energy stations, photovoltaic-storage-charging stations and supercharging stations is expected to grow, with additional substantial investments in updating outdated charging stations and adopting new technologies like automatic and vehicle-to-grid interactive charging, Zhou said. It is estimated that the upgrade of high-power charging equipment alone will attract investments exceeding 100 billion yuan, with additional investments for upgrading outdated charging stations and damaged piles.