First, industry overview

In the first half of 2023, the domestic new energy vehicle market continued its rapid growth trend. The rapid growth of new energy vehicle sales has also led to the prosperity of the charging pile market. According to the data released by the China Association of Automobile Manufacturers, the sales volume of new energy vehicles from January to June 2023 was 3.747 million, an increase of 44.1% year-on-year, and the market penetration rate reached 28.3%. As the number of new energy vehicles continues to rise, the charging demand continues to increase, which has promoted the rapid development of the charging pile market.

Second, the number of charging piles

By the end of June 2023, the number of domestic new energy vehicles reached 16.2 million, accounting for 4.9% of the total number of vehicles. At the same time, the number of charging piles in the country was 6.652 million units, an increase of 69.8%. Among them, public charging piles accounted for 32.3%, and private charging piles accounted for 67.7%. The overall trend of pile ratio is downward, and as of the end of June 2023, the ratio is down to 2.4:1.

Third, charging power

In the first half of 2023, the charging power of the national public charging infrastructure was 15.72 billion degrees, an increase of 86.63%. The growth of this data indicates the increase in the charging demand for new energy vehicles, and also reflects the increase in the utilization rate of charging piles.

Fourth, market forecast

It is expected that the sales volume of domestic new energy vehicles in 2023 is expected to reach 9.3 million, and the sales volume is expected to reach 14.53 million by 2025. Combined with the forecast of new energy vehicle sales in 2023-2025, it is expected that the domestic new energy vehicle ownership will reach 20.82 million by the end of 2023, and the ownership will increase to 42.01 million by the end of 2025. Under the dual drive of the active promotion of national policies and the increase in market demand, assuming that the ratio of piles continues to show a downward trend year by year, by 2025 the ratio of piles to 2:1, then the number of charging piles will reach 21.01 million units.

Five, charging pile type

At present, public charging piles are mainly divided into two categories: AC charging piles and DC charging piles. Ac charging pile is also known as "slow charging pile", through the vehicle charger inside the electric vehicle to charge the electric vehicle battery, using conventional voltage, small charging power, slow charging, mature technology, low cost, generally installed in the residential parking lot. Dc charging pile, also known as "fast charging pile", does not go through the vehicle charger, directly output direct current to charge the electric vehicle battery, using high voltage, large charging power, fast charging, complex technology, high cost, suitable for scenarios with high charging efficiency requirements, generally installed in centralized charging stations, parking lots, highway service areas and other public places. At present, the domestic public charging pile is mainly AC charging pile.

Summary: The market market of new energy vehicle charging piles in 2023 shows a trend of continuous growth. As the number of new energy vehicles continues to increase, the charging demand is also increasing, which has promoted the rapid development of the charging pile market. At the same time, the support of policies and the increase in market demand also provide a broad space for the development of the charging pile industry. In the next few years, with the further expansion of the new energy vehicle market and the continuous progress of technology, the charging pile industry is expected to continue to maintain rapid growth.