Major international agencies have upgraded their forecasts for China economy has an influnce on promptcharge ev charger

China economy grew sharply in the first quarter as consumer spending strengthened, along with production and investment, recovering from the COVID-19 downturn a year ago.

Gross domestic product climbed a record 18.3 percent in the first quarter from a year earlier, roughly in line with the 18.5 percent forecast in a Bloomberg survey of economists. The figures are skewed from a year ago when the economy was in lockdown. A better read on the economy growth momentum came from quarter-on-quarter growth, which slowed to 0.6 percent from 2.6 percent previously reported in the first three months.

Major international institutions have recently upgraded their forecasts for China economy.

On April 6, the International Monetary Fund (IMF) released its latest World Economic Outlook report, predicting that the global economy will grow by 6% in 2021, up 0.5 percentage points from its forecast in January. China economy is forecast to grow 8.4 percent in 2021, up 0.3 percentage points from the January forecast.

China economy is expected to grow by 8.1 percent in 2021, as the global economy gradually picks up, according to the World Bank semi-annual report on East Asia and the Pacific.

Fitch, the international credit rating agency, raised its GDP forecast for China this year to 8.4% from 8.0%, saying China is now the only major economy that has begun to normalize macroeconomic policy setting and is performing better than expected overall.

A number of risks in the economic and financial sectors deserve attention, including the risk of short-term imported inflation, the risk of a rapid rise in the macro leverage ratio, the risk of continued exposure of credit risks, and the potential risk of green transformation under the carbon peak and carbon-neutral target, the Bank of China Research Institute said in the report.

Taking China as an example, the price of promptcharge ev charger will fluctuate due to Major international agencies have upgraded their forecasts for China economy. For more technical information about promptcharge ev charger, please send an email to sales@grasen.com

The price of promptcharge ev charger

On April 14, 2020, State Grid of China launched the first batch of 126 charging station projects. In 2020, it plans to arrange an annual investment of 2.7 billion yuan for charging station projects, which are distributed in 24 provinces (cities) such as Beijing, Tianjin and Hebei, covering various types of public, private, logistics, sanitation, community and port power. Among them, there are 53,000 residential charging stations, 18,000 public charging stations and 7,000 dedicated charging stations, which will help make up for the industry shortcomings such as difficult charging in residential areas and lack of platform connectivity.

By the end of June 2020, China had 1.322 million charging stations of various types, including 558,000 public charging stations, ranking first in the world. By the end of September 2020, China has built 42,000 charging stations, 525 changing stations and 1.42 million charging stations of various types, with a station ratio of about 3.1:1. China has built the world largest charging network. As of March 2021, the members of the alliance have reported a total of 851,000 public charging stations, including 355,000 DC charging stations, 495,000 AC charging stations and 481 AC-DC integrated charging stations.

The promptcharge ev charger price continues to be affected by the momentum of the promptcharge ev charger market rise, various opportunities and challenges and other factors. As a result, during the forecast period from May 2021 to May 2027, the global promptcharge ev charger sales market is expected to expand substantially. The growth rate will continue to rise. It is expected that the price of promptcharge ev charger will increase to some extent in the second half of this year.

The market trend of promptcharge ev charger

As a kind of green transportation with broad development prospects, electric vehicles will popularize rapidly in the future, and the future market prospect is also extremely huge. In the context of the global energy crisis and the serious environmental crisis, the government actively promotes the application and development of new energy vehicles. promptcharge ev charger, as an important supporting infrastructure necessary for the development of electric vehicles, has very important social and economic benefits.

Since electric vehicles need to replenish a large amount of electric energy every day, the operation of promptcharge ev charger can obtain huge revenue from charging service. Compared with gas stations, the electric energy of promptcharge ev charger is relatively safe and convenient, and promptcharge ev charger can be installed and set in a large number of places. According to the scale of investment, it can be as small as slow charging piles in communities, as large as fast-charging stations on highways, which can be operated by a single station or by networking. With regard to the opening of the promptcharge ev charger market, there may be more preference for service and power supply in the future, so that the construction of promptcharge ev charger can be more fully integrated with the market, and everyone will be competitors in the same market. Therefore, it is very important for enterprises engaged in promptcharge ev charger production to prepare and plan in advance.

About Grasen Power Technologies Co.Ltd.

Grasen Power Technologies Co.Ltd. is a high-tech enterprise specializing in the research, development, manufacturing, sales and service of new energy electric vehicle charging equipment. The company provides high-quality DC quick chargers, charging stations, powder modules, onboard EV chargers, DC-DC converters for EV charging station owners, EV manufacturers, government departments, EV drivers and many other groups. The Grasen EV Charging Station is part of a complete solution that includes an EV Quick DC/AC Charging Station, cloud-based software with features and programs suitable for every industry as well as world-class service and maintenance.

For a no-obligation quote latest price of promptcharge ev charger or technical support, please please send an email to sales@grasen.com and we’ll get back to you within 24 hours.