China EV charging buildout advances

China's electric vehicle charging infrastructure experienced rapid expansion during the first seven months of 2026, reaching a total of 23.68 million charging facilities, representing a 41.9% year-on-year increase. Among these, public charging stations grew by 21.3% to 5.099 million, while private charging facilities surged by 48.8% to 18.58 million. This growth coincides with a rise in new energy vehicle sales, which for the first time accounted for over 60% of total new car sales in July, with production and sales exceeding 1.5 million units, reflecting annual increases of approximately 24-27%. China aims to establish a network of 28 million charging facilities by 2027 and to increase the share of new energy vehicles in its fleet to 30% by 2030, as part of its plan to peak carbon emissions.

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