By the end of June, the total number of charging piles in China reached 10. 24 million units, an increase of 54 percent year on year, Zhang Xing, a spokesperson for the National Energy Administration (NEA) told a press conference Wednesday. These facilities have met the charging needs of 24 million new energy vehicles across the country, Zhang.
Where are charging piles for new energy vehicles seen?
Charging piles for new energy vehicles are seen in Shenzhen, South China's Guangdong province, on Oct 25, 2023. [Photo/VCG]
Are Chinese charging pile companies a good investment?
Factory workers at a charging pile manufacturer in Luoyang, Henan province, inspect EV charging piles. [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.
Can private charging piles be supplemented to meet EV charging demands?
With the market-oriented reform of grid, it's possible to supplement private charging piles to meet the excessive charging demands of EVs . Shared charging means that private charging pile owners give the usufruct of charging piles to grid during the idle period .
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. Seeing vast overseas market potential, Chinese charging pile companies have expanded into the European and American markets in recent years.
Then, grid can supplement shared charging piles to relieve the power supply pressure of charging stations during the peak charging periods. For private charging pile owners, the main purpose of shared charging is to increase the revenue of sharing.
Do all charging pile agents provide sharing services?
In Table 7, though all charging pile agents provide sharing services, the sharing capacity of charging piles provided by different location's agents varies greatly. The reason is that the sharing revenues of each agent are not the same, so the willingness of agents to participate in sharing service is different.