Five trends in the charging industry in 2024

Driven by both policies and market, the growth rate of my country's charging pile industry continues to accelerate. According to data from the Charging Alliance, as of the end of 2023, a total of 2.726 million public charging piles have been reported.

Driven by both policies and market, the growth rate of my country's charging pile industry continues to accelerate. According to data from the Charging Alliance, as of the end of 2023, a total of 2.726 million public charging piles have been reported. In the future, with the recovery of international trade and the sinking of the new energy vehicle market, the development of the charging pile industry is expected to accelerate again.

What kind of development trend will the charging industry show in 2024?

Trend 1: Accelerating overcharging layout in cities
As Huawei, Telaidian and other companies have successively released plans for liquid-cooled overcharging, overcharging equipment that meets the fast charging needs of car owners has become a hot topic in the industry. Many cities have proposed layout plans for high-power charging: Shenzhen plans to build a supercharging facility service system with world-leading technology and diverse scene coverage by the end of 2024, and establish a "Shenzhen Supercharging" brand image; Guangzhou is also launching "Supercharging" The "Charging City" plan clearly supports super-high-power fast charging technology and strives to build a multi-level, multi-category and multi-scenario charging system; Hainan has launched a "Supercharging Island" construction plan, proposing to build more than 400 supercharging stations by 2025; Beijing has introduced subsidies for high-power charging equipment.
In 2024, as more new energy models are deployed in the mid-to-high-end ranks and the Chaoji standard is gradually implemented, the popularity of overcharging will continue to increase.

Trend 2: Charging stations integrating “optical storage and charging” will usher in large-scale implementation
The "light storage and charging" charging station can integrate multiple functions such as photovoltaic charging, energy storage, discharging and battery testing, and can realize the charging of new energy vehicles with new energy electricity. It is a station built in public places such as parks and is also a beautiful business card of the city. It is favored by It has won the favor of many places and enterprises and institutions. According to relevant reports, domestic charging operator Te Laidian has invested in, built and operated more than 300 "optical storage and charging" charging stations in 75 cities.
The charging station integrating "light storage and charging" provides energy storage and charging services for vehicles and parks through new energy generation such as photovoltaics and city electricity. It stores energy during off-peak periods and charges low-priced electricity during peak periods. It not only implements low-carbon , and improves the economy of electricity consumption in the park, and will become the direction of future charging station development.

Trend 3: Charging piles cover rural communities and urban communities are “uniformly built and serviced”
Bringing new energy vehicles to the countryside is the main theme of policy guidance in the second half of 2023, emphasizing the priority of charging infrastructure in towns and villages to promote the development of new energy vehicles and drive sustained growth of the national economy. Judging from the development trend in the second half of the year, local authorities have responded one after another. Sichuan Province has proposed "to achieve full county coverage of electric vehicle charging stations and full township coverage of electric vehicle charging piles in areas suitable for the use of new energy vehicles." In 2025, more than 22,000 rural public charging piles with a single pile power of not less than 60 kilowatts will be built in principle, including not less than 15,000 in urban-rural integration areas and not less than 7,000 in rural areas. "The layout indicators of charging infrastructure have been allocated As for specific towns, it is believed that by 2024, community charging piles will be available in most towns.
Compared with rural areas, which are vast and sparsely populated, communities in first- and second-tier cities still face problems such as shortage of parking spaces, difficulty in charging, and difficulty in entering charging piles into the community. Insufficient capacitance and difficulty in capacity expansion are still issues that urban communities continue to face. In 2023, it is advocated to build electric vehicle charging facilities based on the "unified construction and unified service" (that is, unified provision of construction, operation, maintenance and other services) model to achieve intelligent and orderly charging. There are already many residential community implementation cases in Guangdong, Chengdu, Shanghai and other places, and it is believed that this model will continue to expand in 2024.

Trend 4: Integrated oil and electricity stations will be launched on a large scale
Energy companies have more advantages in terms of location advantages and operational experience. The entry of these companies will make competition in the charging industry more intense. It is believed that in 2024, there will be more and more integrated energy stations.
Sinopec gas station has been upgraded from the original single gas station to a comprehensive gas station integrating refueling + charging + hydrogenation + battery replacement. In fact, as early as the past few years, with the development of new energy vehicles, Sinopec has begun to lay out the layout. By the end of 2022, Sinopec has built more than 2,200 charging and swapping stations and 98 hydrogenation stations.
On September 7, 2023, PetroChina successfully acquired the equity of Putian New Energy Co., Ltd. on the Beijing Equity Exchange. PetroChina stated that this acquisition is an important part of its layout in the charging field.

Trend 5: Exploration of applications such as energy storage and vehicle-network interaction for electric vehicles will increase
Through the connection of charging equipment, electric vehicles can realize the interaction between the vehicle and the power grid and give full play to the energy attributes of new energy vehicles, which is becoming a future development trend. Companies represented by Telaidian can participate in power grid peak regulation by aggregating electric vehicles and other mobile energy storage to form virtual power plants.
In October 2023, eight departments including the Ministry of Industry and Information Technology announced the 15 cities for the "first batch of pilot areas for public vehicle electrification", which mentioned the construction goals of "positive results in the development of new technologies and new models, intelligent and orderly charging, high-power Accelerate the application of V2G, optical storage, charging and discharging and other vehicle-network integration technologies for charging and battery swapping, and achieve good demonstration results. We will expand new energy vehicle carbon trading and green power trading to achieve new breakthroughs."
In November 2023, the General Affairs Department of the Energy Bureau publicly solicited opinions on the "Notice on Promoting the Grid Integration and Dispatch Application of New Energy Storage (Draft for Comment)", which mentioned that combining new energy storage multiple scenarios and market-oriented operation needs, actively carry out new energy storage based on Research and development work such as grid active support technology for energy storage and aggregation and interactive control technology for distributed energy storage virtual power plants such as electric vehicles will focus on promoting the application of new technologies.
Driven by policies, the exploration of applications such as energy storage and vehicle-network interaction around electric vehicles will further increase in the future.
The charging industry has grown significantly over the past few years. As the popularity of electric vehicles continues to increase, the industry needs higher quality and more efficient charging to meet and support charging needs. We believe that through continued technological innovation and investment cooperation, we will witness greater breakthroughs and progress in the charging industry.