Lynkvertx's V2G bet hits China's subsidy wall, then expands abroad

Lynkvertx is a vehicle-to-grid startup seeking to let parked EVs send electricity back to the grid and earn owners credits.

Lynkvertx bet that China's EV scale and policy support could make vehicle-to-grid commercially viable even after similar projects stalled elsewhere.

Qin Yudi founded Lynkvertx in 2021 as China pushed V2G while more than 150 projects in 27 countries had remained small trials for over a decade. The opportunity was to make parked EV batteries an income-producing grid resource.

China had at least 30 V2G stations across nine cities and a 5,000-station target for 2027. Yet compatible models were scarce, bidirectional chargers cost $2,100–$2,800—two to three times a standard charger—and projects remained heavily subsidized. A government test suggested drivers could earn about $200 a month, but state-controlled pricing left the business model unresolved. Lynkvertx expanded into the Middle East and Southeast Asia, diversifying beyond V2G.

The technology worked, but commercialization had not. By November 2025, Lynkvertx was no longer betting only on China's V2G market; its founder said market takeoff might still be three or four years away.

Policy and EV scale gave Lynkvertx a plausible way to escape the small-pilot trap seen elsewhere.

It attacked an underused asset: EVs sit parked most of the time, so their batteries could earn while owners are away.

The economics remained fragile because bidirectional chargers cost two to three times standard chargers and market pricing was not mature.

Diversifying geographically and beyond V2G bought optionality while the core market waited for standards and pricing reform.

A technically working product can still be a weak business when hardware costs, customer fears, and pricing rules block repeatable economics; keep an adjacent wedge alive while the market is built.

As of 2025-11-12, Lynkvertx was live and had expanded into the Middle East and Southeast Asia, but it was no longer relying on V2G alone. China's standards and pricing experiments had started, yet the founder still expected another three or four years before V2G took off commercially.