Are homegrown charging piles for new energy vehicles a big deal?

[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.

Why are charging piles important?

Charging piles are of great significance to developing new energy vehicles, and they are also an important part of the emerging digital economy such as intelligent traffic and intelligent energy. The State Grid Corporation of China (SGCC) is taking an active role in the development of new energy vehicles.

Why are Chinese charging pile companies so popular?

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.

How many kilowatts is a public charging pile?

The total rated power of public charging piles exceeds 110 million kilowatts, meeting the charging needs of 24 million new energy vehicles, it said. In the first half of the year, the nationwide charging volume for new energy vehicles was around 51.3 billion kilowatt-hours, a year-on-year increase of 40 percent.

Will China build a charging pile?

Construction of charging piles is expected to accelerate in China this year and companies are investing billions of dollars in the electric vehicle battery support sector, responding to a government appeal to develop high-tech infrastructure.

What are charging piles for new energy vehicles?

As one of the new infrastructures, charging piles for new energy vehicles are different from the traditional charging piles. The "new" here means new digital technology which is an organic integration between charging piles and communication, cloud computing, intelligent power grid and IoV technology.