10/23/2008 05:12 am ET Updated May 25, 2011

China Planning Electric Vehicle Charging Stations

China is rushing in to build its own network of electric charging stations. Xinhua, the government's official newspaper, announced last week that the State Grid Corporation, the world's largest electric power transmission and distribution company, is speeding up its plans to build electric car charging stations.

The stations will be located in Shanghai, Beijing, Tianjin and other large cities.

The power charging stations will be built as a pilot project to initially serve electric buses and sedans in a trial run with plans to eventually cover the entire nation. Each station will cost the equivalent of about $37,000 to $44,000.

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