Market Survey

China: Market overview and prospect analysis on charging piles

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Prospect for charging infrastructure in China

The charging infrastructure structure with special-purpose charging piles in parking spaces in users' residential areas, internal parking lots of units and public bus and taxi stations as the orientation assisted by public charging piles will determine the destiny of special-purpose charging piles to be the main for in the following four years. One million piles are expected to be constructed with the annual compound growth rate of 170%.

The charging infrastructure structure with special-purpose charging piles in parking spaces in users' residential areas, internal parking lots of units and public bus and taxi stations as the orientation assisted by public charging piles will determine the destiny of special-purpose charging piles to be the main for in the following four years. One million piles are expected to be constructed with the annual compound growth rate of 170%.

According To the Guides for Development of Charging Infrastructure for Electric-driven Vehicles (2015-2020) issued by the National Development and Reform Commission, China's development target of charging infrastructure is to construct 12,000 centralized charging stations and 4.8 million distributed charging piles, which will meet the charging demands of 5 million electric-driven vehicles.

According to analysis of insiders, estimated by the development target of 5 million new energy vehicles by 2020, total detection investment for charging pile by 2020 will go beyond RMB 300 billion and the corresponding profit margin of the charging network will be RMB 55.8 billion, in which the value-added profit margin will be RMB 23.3 billion.

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