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China Electric Vehicle Charging Infrastructure Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The China Electric Vehicle Charging Infrastructure market is segmented by Charging Station Type (AC Charging Station and DC Charging Station), Vehicle type (Passenger Vehicles and Commercial Vehicles), and User Application (Private Infrastructure and Public Infrastructure).

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Market Snapshot

China Electric Vehicle Charging Infrastructure Market Overview
Study Period: 2018-2027
Base Year: 2021
CAGR: >30 %
China Electric Vehicle Charging Infrastructure Market Key Players

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Market Overview

The Chinese electric vehicle charging infrastructure market is expected to exhibit a growth rate of nearly 30% during the forecast period (2020 - 2025).

  • Growing adoption and sales of electric vehicles, along with the enactment of laws, subsidies and policies, such as exemption from registration plate lotteries, access to restricted traffic areas, etc., for promoting the adoption of EVs and declining cost of batteries, are some of the major factors propelling the growth of the market. However, due to the COVID-19 outbreak in China, a decline in sales of electric vehicles from July 2019 to December 2019 has been observed. China is considering extending the subsidies on electric vehicles till 2021.
  • The collaboration between various automotive manufacturers, OEMs, and charging infrastructure developers is driving market growth. The charging infrastructure market in China has drawn investments from various capital holders, such as vehicle manufacturers, real estate companies, telecom operators, etc. In October 2019, Xpeng Motors partnered with TELD New Energy Co. Ltd., China’s largest operator of charging stations, to provide supercharging facility across China.
  • The increase in installation of AC charging stations in China is propelling the growth of the market. In November 2019, there were nearly 289,000 AC public charging stations in China.

Scope of the Report

The Chinese electric vehicle charging infrastructure market covers the latest trends and technological developments in the electric vehicle charging infrastructure in China, demand of the charging station type, vehicle type, user application type, and market share of major electric vehicle charging infrastructure developers and operators across China.

Charging Station Type
AC Charging Station
DC Charging Station
Other Charging Station Types
Vehicle Type
Passenger Vehicles
Commercial Vehicles
User Application
Private Infrastructure
Public Infrastructure

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Key Market Trends

Largest Electric Vehicle Charging Network in the World

Geographically, China is leading the electric vehicle charging station market, followed by Europe. China is the largest market for electric cars and buses across the world and sold 872 thousand units of new energy vehicles (passengers and commercial vehicles) for the first 9 months in 2019, exhibiting a growth rate of 20.8%. In 2019, China installed more than 1000 EV charging stations every day.

With the rise in EV sales and demand in the country, the demand for fast charging stations increased to support the rising EVs in the country. China has the biggest infrastructure for EV charging in the world with 976,000 charging units (June 2019). On average, there has been a monthly addition of 11,025 charging units. Some of the major companies in China involved in production and installation of charging points are Qindao Teld New Energy, State Grid Corporation of China, Star Charge, and AnYo Charging.

China Electric Vehicle Charging Infrastructure Market Trends

Growing Sales of Electric Vehicles

In 2018, nearly 1.25 million electric vehicles (passenger and commercial) were sold in China recording a 62% increase over the sales figure of 2017. China’s fleet of electric buses accounts for more than 98% of total electric buses running worldwide. China has a fleet of more than 425000 electric buses.

This high adoption can be attributed to the strong municipal framework that many provinces in China adopted. More than 30 Chinese cities have made plans to achieve 100% electrified public transit by 2020, including Guangzhou, Zhuhai, Dongguan, Foshan, and Zhongshan in the Pearl River Delta, along with Nanjing, Hangzhou, Shaanxi, and Shandong.

As of December 2018, nearly 16,000 electric buses were operated in Shenzhen, one of the Chinese megacities. Beijing is all set to achieve its goal to put 10000 electric buses on road by 2020. Guangzhou ordered 4810 electric buses from the electric bus manufacturer BYD.

China Electric Vehicle Charging Infrastructure Market Growth Rate

Competitive Landscape

The electric vehicle charging infrastructure market in China is consolidated, with players, such as TELD New Energy, Tesla Motors, and Star Charge, dominating the market.

The market is witnessing collaborations between automotive makers, OEMs, technological companies, and EV infrastructure developers, to speed up and subsequently improve the development efforts. In July 2019, FAW, Star Charge, Volkswagen, and JAC formed a joint venture to develop the charging infrastructure in China. Similarly, in August 2019, DiDi Chuxing and BP partnered to form a joint venture to develop charging infrastructure in the country.

Qingdao Tgood Electric Co. Ltd., BYD Co. Ltd., Star Charge, Xiaoju Charging (Xpeng Motors), Tesla Motors

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Charging Station Type

      1. 5.1.1 AC Charging Station

      2. 5.1.2 DC Charging Station

      3. 5.1.3 Other Charging Station Types

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Vehicles

      2. 5.2.2 Commercial Vehicles

    3. 5.3 User Application

      1. 5.3.1 Private Infrastructure

      2. 5.3.2 Public Infrastructure

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 State Grid Corporation of China

      2. 6.2.2 Qingdao Tgood Electric Co. Ltd

      3. 6.2.3 BYD Co. Ltd

      4. 6.2.4 AnYo Charging

      5. 6.2.5 Star Charge

      6. 6.2.6 TELD New Energy Co. Ltd

      7. 6.2.7 Zhongchuang Sanyou

      8. 6.2.8 Xiaoju Charging (Xpeng Motors)

      9. 6.2.9 Tesla Motors

      3. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The China Electric Vehicle Charging Infrastructure Market market is studied from 2018 - 2026.

The China Electric Vehicle Charging Infrastructure Market is growing at a CAGR of >30% over the next 5 years.

Qingdao Tgood Electric Co. Ltd., BYD Co. Ltd., Star Charge, Xiaoju Charging (Xpeng Motors), Tesla Motors are the major companies operating in China Electric Vehicle Charging Infrastructure Market .

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