Are homegrown charging piles for new energy vehicles a big deal?

[XIE SHANGGUO/FOR CHINA DAILY] Global interest in homegrown charging piles for new energy vehicles has ballooned as China cements its leading position in the global NEV market with exports set to almost double this year, experts and industry executives said.

Why are Chinese charging pile companies so popular?

[Photo/China Daily] Chinese charging pile companies have advantages in the supply chain, technology innovation and cost, leading to high demand in overseas markets, industry experts said. With emissions regulations tightening, the transition to vehicle electrification is unstoppable worldwide.

How many charging piles are there in China?

According to data from the Ministry of Public Security, by the end of 2023, China had 20.41 million NEVs and 8.6 million charging piles. It resulted in a ratio of vehicles to charging piles of about 2.4:1. For public charging piles, the ratio was around 7.5:1.

What is the future of charging piles?

The future of charging piles is bright, but it will take a certain amount of time to integrate and wash away the sand. In 2016, new energy vehicles will continue to grow rapidly. The substantial increase in the stock of electric vehicles is a clear positive trend.

Does China's e-commerce platform have a charging pile section?

Data of China's largest cross-board e-commerce platform, Alibaba, shows that in the first week of March 2023, overseas demand for charging piles on its international platform rose by 218 percent compared to 2022. In response, Alibaba set up a dedicated section for charging piles, with 295 domestic companies joining.

What is the industrial chain of charging piles?

The industrial chain of charging piles is mainly divided into: equipment manufacturers and charging operators. The charging pile equipment itself does not have too high technical content, the standard is unified, the compatibility is good, the quality is stable, and the construction can be done properly.