Market Overview

China to Speed Construction of Electric Charging Stations


China is making a push to create a national network of electric vehicle charging stations, according to Xinhua news agency as reported by Reuters on Sunday. The effort is part of a goal to have five million green vehicles on China roads by the year 2020, according to a senior energy official.

The lack of charging stations is said to have been a major factor in holding back sales of electric cars in China by Tesla Motors, Inc. (NASDAQ: TSLA), BYD Company Ltd. (OTC: BYDDF) and others.

Tesla Motors closed Friday at 247.57 Up $7.69.

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Posted-In: News Rumors Tech


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