Hou added the company has co-developed more than 20 electric truck models with automakers using its ultra-fast charging technology. China’s sales of new energy commercial vehicles reached 532,000 units last year, taking up less than 20% of the total commercial car sales volume. Meanwhile, nearly half of all passenger vehicles sold in China were new energy vehicles, which refer to all-electrics and plug-in hybrids, according to figures from the China Association of Automobile Manufacturers. Hou added that a number of Huawei’s ultra-fast charging stations have been installed with energy storage units and solar photovoltaic systems to prevent extra pressure on power grid capacity. Chairman Wang Chuanfu said it was the first company in the industry that made the unit of megawatt (charge) a reality on charging power, Reuters reported.