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China Southern Power Grid: significant increase in electricity consumption in Guangdong automotive industry in the first three quarters

According to data released by China Southern Power Grid from January to September on the 16th, the cumulative growth rate of electricity consumption in Guangdong in the first three quarters of this year was slightly higher than that in the same period last year, but electricity consumption in the automobile industry increased by 18.6% year-on-year.

China Southern Power Grid: significant increase in electricity consumption in Guangdong automotive industry in the first three quarters

According to the statistics of China Southern Power Grid Corporation, from January to September this year, the total electricity consumption in Guangdong was 480.140 billion kWh, an increase of 6.81% compared with the same period last year (6.28%).

From the perspective of industry as a whole, the real economy runs relatively smoothly. From 1 to September, Guangdong's industrial electricity consumption was 298 billion 454 million kwh, an increase of 5.56% over the same period last year. Among them, the manufacturing industry uses 238 billion 126 million kilowatts of electricity, accounting for 79.79% of industrial electricity consumption, an increase of 5.52% over the same period last year.

From the perspective of industry segmentation, the automobile industry is growing fastest. Among all the manufacturing industries in Guangdong Province, the electricity consumption of computer, communication and other electronic equipment manufacturing and pharmaceutical manufacturing increased by 7.0% and 7.1% respectively, which is higher than the overall level of the manufacturing industry in the whole province. The electricity consumption in the automotive industry increased by 18.6% over the same period last year, much higher than that in the province's equipment manufacturing industry. The Guangdong Manufacturing Purchasing Manager Index (PMI) released by the Guangdong Provincial Department of Industry and Information Technology also showed that in the first nine months of this year, the Guangdong Automobile Manufacturing Purchasing Manager Index (PMI) was above 50 in seven months, reaching a peak of 56.9.

According to the analysis of China Southern Power Grid Corporation, as an important index of social and economic operation, the electricity consumption data show that Guangdong's economy is running smoothly on the whole, and the three pillar industries, such as electronic information industry, electrical machinery and equipment manufacturing industry and automobile manufacturing industry, are developing well.