A new-energy vehicle is seen charging at a service area along the Guangzhou-Shenzhen expressway in south China's Guangdong Province, Oct. 27, 2022. (Xinhua/Li Jiale)
BEIJING, March 17 (Xinhua) -- China's charging pile sector is expected to grow at a faster pace in line with the country's booming new energy vehicle (NEV) industry, reported the Xinhua-run China Securities Journal.
As of February, 5.588 million units of charging facilities were installed nationwide, surging 95.1 percent year on year, showed data released by the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA) on last Friday.
Some 31,000 public charging piles were added in February, soaring 54.1 year on year, according to the EVCIPA.
Behind the boom in charging piles in China is the country's burgeoning NEV industry, which excels in both production and marketing. Data from the China Association of Automobile Manufacturers (CAAM) showed that about 977,000 NEVs were produced and 933,000 were sold in China in the first two months, up 18.1 percent and 20.8 percent year on year, respectively.
Local governments' favorable policies for the development of NEVs and charging facilities will continue boosting the market.
For example, Chengdu, capital of southwest China's Sichuan Province, pledged to build 160,000 charging piles and 3,000 charging-battery swap stations by 2025, according to the city's policy on promoting NEV development made public on March 10.
Harbin in northeast China's Heilongjiang Province and Chongqing municipal in southwest China will grant subsidies for the construction and operation of NEV charging infrastructure, according to latest local policies.
Besides, the upgrading of charging piles towards greater capacity and faster charging speed will also inject sustained and strong growth momentum to the market. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)
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