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Over 112,000 charging points in Beijing for electric vehicles

Over 112,000 charging points in Beijing for electric vehicles

Over 112,000 charging points in Beijing for electric vehiclesBeijing : Beijing has set up more than 112,600 electric vehicle charging points, according to official figures.

The Chinese capital has also launched a smartphone app so that drivers of electric or hybrid cars can locate the nearest charging points, reports Efe news.

The charging stations are an increasingly common sight on the streets of Beijing, although they are frequently occupied by conventional vehicles due to lack of parking spaces.

Beijing also has more and more electric municipal vehicles, from urban transport buses to garbage trucks.

One of the targets in the 13th five-year plan (2016-2020) is to create a national charging point network for a fleet of 5 million electric vehicles.

China is to require that 10 per cent of the vehicles manufacturers sell on the domestic market be electric or hybrid from 2019, a figure that will increase to 12 per cent by 2020. The number is set to be revised in 2021.

The government said in September that it was proposing a ban on the sale of vehicles powered by fossil fuels in future, although it did not specify a date.

In the first 11 months of the year, sales of electric and hybrid cars in China reached 609,000 units, 51.4 per cent more than in the same period in 2016, thanks to government subsidies for the purchase of cars equipped with these propulsion methods.

—IANS

3 Indian firms among world’s most innovative companies

3 Indian firms among world’s most innovative companies

Tesla MotorsWashington:(IANS) Three Indian companies figure in Forbes’ annual list of The World’s Most Innovative Companies topped by Tesla Motors, leading maker of fully electric vehicles.

Ranked 41st, Hindustan Unilever, India-based fast moving consumer goods company, tops the list of Indian Innovative Companies.

It operates in seven business segments ranging from soaps and detergents to tea and coffee and packaged foods.

It’s followed by Tata Consultancy Services in the 64th spot. India’s largest IT company appears on the list for the eighth time.

It took a major step toward bolstering its digital services with a training programme in digital technologies for a third of its workforce.

Ranked 71st, Sun Pharma Industries, India’s largest drugs company, with 45 manufacturing sites across the globe, appears on the list for the fourth straight time.

Worldwide, Salesforce.com has been pushed to the No. 2 spot for the first time in five years. Alexion Pharmaceuticals follows at No. 3 for the fourth consecutive year.

Rounding out the top five are Regeneron Pharmaceuticals at No. 4 and ARM Holdings at No. 5.

The rankings are based on, what the US business magazine calls an innovation premium (IP), the difference between a firm’s enterprise value and a net present value of cash flows from its existing businesses.