On June 24, the China Center for Information Industry Development unveiled a in which it introduced, for the first time, the concept of full-sector electrification. This concept encompasses a wide array of links within the industry, including power generation, energy storage, manufacturing of electric equipment, infrastructure for charging and battery swapping, as well as battery recycling and utilization. The report forecasts that by 2030, the economic scale of China's full-sector electrification across the entire industry chain is anticipated to exceed RMB 8 trillion. It is expected to reach approximately RMB 5 trillion by 2025, growing at a compound annual rate of 10%.
