Longshine Technology Group Co Ltd: A Key Player in China’s EV Charging Expansion
In a significant development for the electric vehicle (EV) industry, BYD, a leading Chinese technology conglomerate, has announced a major expansion of its EV charging network. This ambitious project involves the installation of 15,000 additional megawatt charging stations across China, a move that will significantly enhance the country’s EV infrastructure. BYD has partnered with two prominent companies, Xiaoju Charging and Longshine Technology Group Co Ltd, to bring this vision to life.
BYD’s Strategic Partnerships
BYD’s announcement, made during the Shenzhen Auto Show, highlights the company’s commitment to accelerating the adoption of New Energy Vehicles (NEVs) in China. By collaborating with Xiaoju Charging and Longshine, BYD aims to extend its existing network of megawatt charging stations beyond the initially planned 4,000 units. This expansion is a testament to BYD’s strategic foresight and its dedication to supporting the growing demand for EVs.
Longshine’s Role in the Expansion
Longshine Technology Group Co Ltd, a software and IT service provider specializing in the power and electricity industry, plays a crucial role in this expansion. Known for its expertise in billing and marketing systems, intelligence management solutions, and smart vehicle applications, Longshine is well-positioned to contribute to the development of advanced charging infrastructure. The company’s involvement underscores its capabilities in providing cutting-edge technology solutions that support the transition to sustainable energy.
Market Impact and Future Prospects
The collaboration between BYD, Xiaoju Charging, and Longshine is expected to have a significant impact on the EV market in China. With over 500 megawatt charging stations already completed and coverage extending to more than 200 key cities nationwide, the project is set to enhance the accessibility and convenience of EV charging for consumers. This expansion aligns with China’s broader goals of reducing carbon emissions and promoting sustainable transportation.
Financial Overview of Longshine Technology Group Co Ltd
As of May 29, 2025, Longshine Technology Group Co Ltd is listed on the Shenzhen Stock Exchange with a close price of 17.18 CNY. The company’s market capitalization stands at 13,211,420,804 CNY, reflecting its strong position in the industry. Over the past year, the stock has experienced fluctuations, with a 52-week high of 19.58 CNY and a low of 7.52 CNY. Despite these variations, Longshine continues to be a key player in the software and IT services sector, particularly in the power and electricity industry.
Conclusion
The partnership between BYD, Xiaoju Charging, and Longshine Technology Group Co Ltd marks a significant milestone in China’s journey towards a more sustainable future. By expanding the EV charging network, these companies are not only supporting the growth of the EV market but also contributing to the global effort to combat climate change. As the project progresses, it will be interesting to see how this collaboration shapes the future of transportation in China and beyond.