GXED(SH:600617) Ge Long Hui A P P·2025-08-26 02:51Core Insights - In 2024, China's electricity consumption for new energy vehicle manufacturing is expected to increase by 34.3% year-on-year, while electricity consumption for internet and related services is projected to grow by 20.5% [1] - From January to July this year, electricity consumption for electric vehicle charging and swapping services has surged by over 40% [1] - The growth in emerging industries is effectively increasing the share of electricity in energy consumption, promoting adjustments in energy consumption structure and driving the green transformation of energy production [1] Infrastructure Development - To meet the electricity demand brought by the widespread adoption of new energy vehicles, significant efforts are being made to enhance charging infrastructure [1] - As of the end of July, the number of charging facilities in China reached 16.696 million, which is ten times the number at the end of the 13th Five-Year Plan, making it the largest scale globally [1] Green Energy Initiatives - The government is actively encouraging the use of green vehicles and green electricity through initiatives like green certificate trading, providing green electricity services to new energy vehicle owners [1] - Pilot projects for vehicle-grid interaction are being organized in relevant provinces, allowing electric vehicles to act as "mobile power banks" to support electricity demand management [1] - More than half of the world's new energy vehicles are currently operating in China, indicating a deep-rooted acceptance of green and low-carbon travel concepts and energy consumption methods [1]