Shengda Technology Market Update: With the rapid growth in the electric vehicle sector, a new management initiative for renewable energy production has been launched. As of September 30, 2025, Shanghai Shengda Technology has announced the establishment of a limited liability company (abbreviated as “Shengda Technology”), which will officially register on September 30, marking its entry into the Shanghai market.
According to a report by the National Energy Administration, from 2022 to March 31, 2025, the sales of electric vehicles in China are projected to increase by 13.6%. The growth rate for household electric vehicles is expected to reach 9.0%. This increase is attributed to the successful implementation of strategies to enhance the integration of electric vehicles with renewable energy sources.
The renewable energy sector is experiencing significant advancements, with the number of electric vehicle charging stations expected to reach 120 million by June 2025, marking a 63.3% increase compared to previous levels. The household electric vehicle market is also expected to grow, driven by policy support and technological advancements.
In terms of charging infrastructure, the annual demand for electric vehicle chargers in Europe is projected to exceed 25 million units by 2030, necessitating a coordinated effort between policymakers and technology developers to meet this growing demand.
As of 2024, the new energy vehicle market is expected to grow by 95.4%, with the density of charging stations remaining far behind that of China. To attract new energy investments, targeted policies and incentives will be crucial to drive the establishment of charging networks, particularly in urban areas.
According to the gridX Charging report 2025, Europe needs to accelerate the construction of fast charging stations, with a target shortfall of 25 million units by 2030. This will require a collaborative approach between governments and technology companies to enhance the electric vehicle market.
The development of household energy management systems (V2H/V2E) is also gaining traction, ensuring that consumers can effectively manage their energy consumption while benefiting from renewable energy sources. Shengda Technology aims to leverage these advancements to provide high-value products and services to its customers.
In conclusion, the electric vehicle and renewable energy sectors are poised for significant growth, driven by technological advancements, policy support, and increasing consumer demand. The establishment of efficient charging infrastructure will be critical to sustaining this growth and ensuring a seamless transition to renewable energy solutions.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/shanghais-drive-towards-electric-vehicles-insights-on-rapid-growth-and-new-energy-management-initiatives/
