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.
[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.
Overseas charging piles of the same power are priced several times higher than those in China. For instance, a 120 kilowatts DC charging pile overseas costs around 464,000 yuan ($64,000), significantly more than the 30,000 to 50,000 yuan price range in China, according to a report of Industrial Securities.
The country aims to add 3,000 charging piles and 5,000 charging parking spaces in highway service areas this year, Li added.
Data of China's largest cross-board e-commerce platform, Alibaba, shows that in the first week of March 2023, overseas demand for charging piles on its international platform rose by 218 percent compared to 2022. In response, Alibaba set up a dedicated section for charging piles, with 295 domestic companies joining.
Charging piles for new energy vehicles are seen in Shenzhen, South China's Guangdong province, on Oct 25, 2023. [Photo/VCG]
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