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The world’s greatest market for electric vehicles is in China. Governments all over the world, especially in China, have been pushed to cut greenhouse gas emissions by boosting the manufacture of electric cars as a result of the deteriorating air quality brought on by the combustion of fossil fuels.
The Chinese government’s limits on the sale of conventional automobiles in urban areas and the significant government subsidies have also had an impact on the rapidly expanding EV industry in China. The need for electric car charging equipment is anticipated to increase as the number of electric vehicle sales in China rise.
Through significant financial and non-financial support for the development of electric cars and charging infrastructure, China has consistently worked to accelerate the growth of the EV industry.
The China EV Charger Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
ABB has introduced Terra 360, the quickest auto charger in the world. It can fully charge an electric vehicle in under fifteen minutes, or less than three minutes for every 100 kilometres of range. Additionally, it is the first charger created expressly to simultaneously charge up to 4 automobiles.
The brand-new Terra 360 modular charger from ABB has a dynamic power distribution system and can charge up to four vehicles at once. The new charger can completely charge any electric vehicle in 15 minutes or less and has a maximum power of 360 kW, so it can satisfy the demands of a wide range of EV owners, whether they require a quick charge or to top off their battery while doing their grocery shopping.
To further improve efficiency and quick charging, XPeng announced the release of China’s first 800 V high-voltage SiC platform in mass production. The 200 km (124 miles) of range in the new XPeng EVs can be refilled in only five minutes.
The business will also introduce new 480 kW high-voltage chargers that can deliver up to 670 A at the same time. In order to reduce peak demand, the in-house built chargers will also include Xpeng’s own battery energy storage technology. Thirty automobiles may allegedly be charged simultaneously by a single charger.
