[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.
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.
State Grid Corp of China displays its charging facilities for new energy vehicles during a carbon neutrality expo in Shanghai in June. [Photo/China Daily] Shanghai has put in place 1,526 green charging pile units since the beginning of this year for recharging new energy vehicles, State Grid Shanghai Municipal Electric Power Co said.
More than 1.44 million charging piles were added from January to June, up 40.6 percent from the same period in 2022, the China Electric Vehicle Charging Infrastructure Promotion Alliance said, taking the vehicle-pile ratio to 2.6:1.
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.
Zhang pointed out challenges in exporting charging pile products, such as policy restrictions similar to those for electric vehicles. Additionally, the need for localized services poses challenges, given the dispersed customer base.