Are homegrown charging piles for new energy vehicles a big deal?

[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.

Who makes EV charging piles?

Its energy business includes solar PV inverters and power generation systems, battery storage systems, charging piles, micro power grids, and smart distribution networks. A DC fast charger manufacturer, EAST’s range of EV charging piles includes AC wallbox, DC wallbox, DC pedestal and AC/DC pedestal models.

How much will the charging pile market cost in 2025?

By 2025, the overall charging pile market in Europe and the US will reach a combined total of about 73.12 billion yuan ($10.1 billion), with more than three-quarters of the market share coming from private charging piles, according to an estimate by Guosen Securities.

Are fast charging piles better for residential use?

Compared with charging piles for commercial use, those for residential use have relatively lower requirements for fast charging, said Li Chenghai, sales director of Wenzhou-based Huajia Electrical Equipment Co Ltd in Zhejiang.

How many new energy vehicle drivers will be able to change batteries?

With about 1,300 charging piles, it is expected to serve over 500,000 new energy vehicle (NEV) drivers, according to State Grid Jiangsu Electric Power Co., Ltd. Battery swap facilities, which allow vehicles to change batteries in just 80 seconds, will also be introduced, starting with Wuxi, before being promoted across the entire zone.

What is a 480kw DC supercharging pile?

The 480kW DC supercharging pile is designed for supercharging scenarios such as highways, gas stations, and fleets. The model can support four cars simultaneously, providing a recharge in as little as 15 minutes. XPENG is one of China’s most prominent electric vehicle manufacturers and also produces charging stations.