(Yicai Global) May 13 -- Tgood Electric, a charging infrastructure provider in China, has developed the world's first electric vehicle charging safety technology system, which can effectively reduce the fire accident rate by 65 percent.

The Qingdao-based firm has received government approvals for the system, according to a statement. The new development comes less than a month after a video of a Tesla NEV catching fire in a Shanghai parking lot went viral in the country.

The tech uses real-time data including charging service providers, power suppliers and battery status through big data and cloud computing, to accurately monitor, warn and prevent possible safety hazards.

Tgood has built nearly 200,000 charging piles in more than 300 Chinese cities, gaining a 46 percent share in the domestic market, according to reports last November.

The technology has been applied on a large-scale across Tgood's wholly owned unit Teld New Energy charging service network unit. It alerted and stopped 16 possible accidents last year.

More than 40 NEV fire accidents happened in the country last year, according to official data.

Editor: William Clegg