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.
[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.
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.
Charging piles for new energy vehicles are seen in Shenzhen, South China's Guangdong province, on Oct 25, 2023. [Photo/VCG]
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.
[Photo/VCG] BEIJING -- China has established a charging infrastructure network that boasts the world's largest number of installations, the most extensive services, and the most diverse range of options, according to the country's top economic planner.