The Scale of Car Ownership Is Expanding, And The Insufficient Charging And Battery Swapping Facilities: The Development of The Charging Pile Industry Is Expected to Accelerate Again.

Published: Apr 17, 2024 20:12

Source: SMM

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The scale of car ownership is expanding, and the insufficient charging and battery swapping facilities. The development of the charging pile industry is expected to accelerate again.

Data released by the National Bureau of Statistics on April 16 showed that in the first quarter, the production of charging piles, 3D printing equipment, and electronic components increased by 41.7%, 40.6%, and 39.5% respectively compared to the same period last year. Yang Rui of Huaxi Securities pointed out that due to the fact that charging piles are part of the aftermarket for new energy vehicles, and with the continuous expansion of the vehicle ownership scale and the insufficient charging and swapping facilities, the charging market is expected to maintain high-speed growth. The expansion of the number of electric vehicles will create considerable development space for the charging operation market. In terms of market space, Fangzheng Securities predicts that the global market space for charging piles may exceed one trillion by 2025.

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