Hongqi, the high-end brand of China FAW Group a Changchun, Jilin province-based State-owned automaker will launch 13 types of electric vehicles by 2025, the group's top executive said.
The EV charging cables market is expected to grow from US$ 513.36 million in 2022 to US$ 3.55 million by 2028. It is estimated to grow at a CAGR of 38.0%.