Siemens to supply charging infrastructures for electric vehicles
Europe largest engineering company Siemens AG is about to sign a contract to supply one Chinese city with an electric vehicle charging infrastructure. The Shanghai based president for Siemens China said the company expects to complete the deal within this month and will be providing customized charging posts.
The name of the city hasn’t been revealed yet since it has to be approved by the government. Siemens will then install chargers in the city in three months time. Siemens has also talked with Chinese utility companies in cities like Guangzhou, Shanghai and Chongqing in providing the charging infrastructures. Siemens business includes high speed trains, medical equipment and turbines is also providing electric vehicle charging and components for automakers.
Siemens is also having discussions with domestic and foreign automakers in China to help provide components for electric cars. The company electric vehicle business includes supplying batteries, charging infrastructure and grid management expertise.
China plans to subsidize 4 million electric vehicles by the year 2012 and will invest 100 billion yuan in making alternative energy vehicles.