A charging pile is an energy replenishment facility to maintain the operation of electric vehicles, usually charging electric vehicles in various scenarios such as public buildings, shopping malls, residential parking lots, or charging stations according to different voltage levels. In recent years, China's new energy vehicle industry has been developing rapidly, and the sales and ownership of electric vehicles are growing rapidly, especially the launch of the new energy vehicle rural policy will further stimulate the incremental demand in the sinking market and boost the growth of new energy vehicle consumption, which makes the charging demand increasing and thus promotes the development of new energy charging piles. Meanwhile, improving the charging infrastructure and accelerating the construction and balanced layout of charging piles can alleviate consumers' mileage anxiety about electric vehicles, expand the consumption of new energy vehicles, further promote the use of clean energy, and help achieve the goal of "double carbon".

1. Development Environment

Demand-pull: new energy vehicle sales and ownership are rising, and there is a large gap in the vehicle-pile ratio, so the charger pile industry has a bright future

The rapidly growing sales and ownership of new energy vehicles have increased the demand for charging piles. According to the Ministry of Public Security and the China Automobile Association, by the end of 2021, the national new energy vehicle ownership was 7.84 million, up 59% year-on-year; monthly sales of new energy vehicles steadily increased from 2019 to 2022, and new energy vehicle sales reached 447,000 in May 2022, up 106% year-on-year. At the same time, the car-pile ratio is at a relatively obvious high level, with the public car-pile ratio and the private car-pile ratio at 7.13 and 5.17 respectively in 2021, with a large charging pile gap. In the future, as the penetration level of new energy vehicles continues to rise, it will force the accelerated construction and improvement of its infrastructure, and the charging pile industry will further develop and expand, with broad market prospects.

Policy support: New energy charging pile industry favorable policies continue to land, promoting industry development

In recent years, while the charging pile industry has been developing rapidly, there are still outstanding problems such as difficulty in building piles in residential communities, uneven development of public charging facilities, and user charging experience to be improved. In this context, the country has introduced relevant policies to support the innovation of charging pile-related technology, mode, and mechanism, to solve the problem of new energy charging pile development, build a new electricity system, improve the related infrastructure, and help achieve the goal of "double carbon". In May 2020, the State Council issued the "Government Work Report 2020", which for the first time introduced the concept of "new infrastructure" (new infrastructure construction) and encouraged the construction of seven "new infrastructure" areas, including charging piles and switching stations. In January 2022, the National Development and Reform Commission and the National Energy Administration issued the "Implementation Opinions of the National Development and Reform Commission and Other Departments on Further Improving the Service Guarantee Capability of Electric Vehicle Charging Infrastructure" (Development and Reform Energy Regulation [2022] No. 53), proposing to further improve the service guarantee capability of electric vehicle charging infrastructure. 2022] No. 53), proposing that by the end of the 14th Five-Year Plan, China's electric vehicle charging guarantee capacity will be further improved, and a moderately advanced, balanced, intelligent, and efficient charging infrastructure system will be formed, capable of meeting the changing needs of more than 20 million electric vehicles. A number of policies are on the ground, making China's new energy charging pile industry development direction and development goals gradually clear, providing useful soil for the development of the industry.

2. Development status

Industry chain structure: It is composed of upstream charging pile component manufacturers, midstream charging pile operation service providers, and downstream charging pile users.

The new energy charging pile industry chain includes upstream charging pile component manufacturers, midstream charging pile operation service providers, and downstream charging pile users. Among them, equipment component manufacturers (equipment side) and charging pile operators (operation side) are the most important links of the charging pile industry chain.