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 charging piles are there in China?

According to data from the Ministry of Public Security, by the end of 2023, China had 20.41 million NEVs and 8.6 million charging piles. It resulted in a ratio of vehicles to charging piles of about 2.4:1. For public charging piles, the ratio was around 7.5:1.

What are the challenges in exporting charging pile products?

Zhang pointed out challenges in exporting charging pile products, such as policy restrictions similar to those for electric vehicles. Additionally, the need for localized services poses challenges, given the dispersed customer base.

How will starcharge partner with Schneider Electric?

This strategic partnership will combine the complementary strengths of StarCharge, with its recognized EV charging and energy storage technologies and production capability, and Schneider Electric, with its deep knowledge of the European market, extensive footprint and leading energy management solution technologies.

What is the ratio of vehicles to charging piles?

It resulted in a ratio of vehicles to charging piles of about 2.4:1. For public charging piles, the ratio was around 7.5:1. Seeing vast overseas market potential, Chinese charging pile companies have expanded into the European and American markets in recent years.

Why are domestic charging piles so popular?

"Domestic charging piles have accumulated significant advantages in technology and product innovation, making them increasingly favored by overseas buyers," said Ye Quanhai, founder of HICI Digital Power Technology.