China Southern Power Grid: NEV Industry Chain Accounts for Over 30% of Grid Electricity Demand Growth in Five Southern Provinces and Regions in First 10 Months

China Southern Power Grid: NEV industry chain in five southern provinces and regions contributes over 30% of grid-wide electricity consumption increment in first 10 months

IT Home, November 14: According to China Southern Power Grid Co., Ltd., from January to October this year, electricity sales of the NEV industry chain in the five southern provinces and regions accounted for 17.1% of the grid's total electricity sales, up 14.8% year on year, and contributed 34.1% to the grid's electricity consumption increment. For every 3 kWh of newly added electricity, more than 1 kWh flowed to the NEV industry chain.

IT Home learned from the report that from January to October 2026, electricity sales in the chemical raw materials and chemical products manufacturing industry in the five southern provinces and regions increased 15.5% year on year, and rose 11.9% year on year in October alone. With overseas production capacity constrained, domestic fluorochemical enterprises seized the market window and ran production at full capacity, driving the industry's electricity consumption rapidly higher.

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