xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Industry

China's charging pile market to enjoy promising prospect in 2020

January 14, 2020


Abstract : China's charging pile market is accelerating its recovery after two years of adjustment and will have a promising prospect in 2020, according to a report released by China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA) on Monday. 

BEIJING, Jan. 14 (Xinhua) -- China's charging pile market is accelerating its recovery after two years of adjustment and will have a promising prospect in 2020, according to a report released by China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA) on Monday.

The EVCIPA data shows that the public charging piles in December 2019 increased by 21,000 units from the previous month, representing a year-on-year increase of 55.9 percent. As of December 2019, the total number of public charging piles and private charging piles nationwide was 1.219 million units, showing a year-on-year increase of 50.8 percent.

Despite the rapid growth, construction of the domestic charging piles for new energy vehicles (NEVs) still lags behind the planning target.

According to a guideline for development of the electric vehicle charging infrastructure from 2015 to 2020, the ratio of the electric vehicles to the charging piles is proposed to stand at 1:1 by 2020.

Currently, the ratio of the NEVs to the public charging piles has stood at 8.7: 1, showing a big gap with the target.

Earlier, at the China EV100 Forum (2020), experts said that charging issue is still the weakest link in the electric vehicle industry.

For electric vehicles, there are certain pain points in different aspects from the beginning of power generation to the transmission, distribution, charging, and to the services after charging, said Zhang Zhiqiang, president of ABB China at the forum, recommending the country to speed up the layout of high-power charging piles.

Analyst of the Shengang Securities believes that the policy support for the NEV industry has not disappeared. Instead, the focus has been shifted to infrastructure construction, and the construction of the charging pile network is the focus.

The EVCIPA said that the growth rate of charging piles in China is expected to increase significantly in the future.

It forecast that a total of 372,000 private AC charging piles will be added and the number of private AC charging piles will reach 1.076 million in 2020. In terms of public charging piles, 156,000 new units are expected, and 12,000 public charging stations are expected to be rolled out. (Edited by Hu Pingchao, [email protected])

Scan the QR code and push it to your mobile phone

Keyword: NEV charging network charging pile

Reading:

After opening in China, Amplifon acquired a new company in Australia

Economic Watch: Major cross-regional projects witness China's high-quality development

China's Geely makes inroads into Japanese electric taxi market

AirAsia launches new direct flights to Chengdu from Penang

Cargo air route links central Chinese city, Bangkok

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial