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On April 24, Huawei Digital Power held the 2024 Huawei Smart Electric & Smart Charging Network Strategy and New Product Launch Conference. At the meeting, Hou Jinlong, Director of Huawei and President of Huawei Digital Power, said that Huawei's goal is to enable car companies to "build good cars with confidence" and focus on improving the competitiveness of electric vehicles without the need to build their own charging networks. Only by accelerating the construction of high-quality charging infrastructure based on ultra-fast charging and benefiting all parties can we promote the consumption and rapid popularization of electric vehicles. Through the high-quality coordinated development of smart electric vehicles and smart charging networks, we will accelerate the process of vehicle electrification.
At the press conference, Huawei Digital Power also joined hands with car companies, charging operators, and industry partners to establish the "Supercharging Alliance". Huawei said that it adheres to the tenet of "open innovation, ecosystem building, and win-win collaboration", and "makes high-quality charging available wherever there is a road" to create a new era of supercharging. In addition to Huawei, the "Supercharging Alliance" also includes 11 companies: BYD, Guangzhou Automobile Group, Great Wall Motor, Jiangqi Group, Chery, Celis, Li Auto, Nezha Automobile, Xpeng Motors, BAIC Jihu, and AVATR Technology.
Hou Jinlong said that Huawei's fully liquid-cooled supercharging solution has been deployed in more than 30 provinces (autonomous regions and municipalities), including Beijing, Guangdong, Chongqing, Shanghai, Hainan, Inner Mongolia, and Sichuan, covering extreme environments such as high temperatures, severe cold, and high altitudes. In 2024, Huawei plans to work with customers and partners to deploy more than 100,000 ultra-fast charging piles. Huawei Digital Power has also launched charging solutions for the county market, supporting ultra-fast integration, expansion and evolution, and a long life span of 15 years, helping to realize "county and county supercharging stations, and township supercharging piles".
Looking back at the development of the charging pile industry in mainland China from "Huawei's establishment of the Supercharging Alliance":
-- The electric vehicle charging pile industry has entered a period of vigorous development
China regards new energy vehicles as a key element in the transformation from a large automobile country to an automobile power, so charging piles as energy supplement facilities for new energy vehicles have also become the most basic starting point in the transformation process. Since 2006, when BYD built the first batch of electric vehicle charging piles in Shenzhen, China's charging infrastructure has experienced different stages of development as the number of new energy vehicles in China continues to rise and the development of electric vehicle technology has continued:
-- The scale of China's electric vehicle charging pile construction is on the rise
According to the data released by the China Electric Vehicle Charging Infrastructure Promotion Alliance, from 2015 to 2023, the scale of electric vehicle charging pile construction in mainland China will continue to expand. As of December 2023, the cumulative number of charging infrastructure nationwide is 8.596 million units, an increase of 65% year-on-year.
From the perspective of the scale of public charging pile construction, since 2015, the number of public charging piles for electric vehicles in mainland China has maintained a stable and high-speed growth trend. As of December 2023, a total of 2.726 million public charging piles have been reported by members of the alliance, and from January 2023 to December 2023, an average of about 77,000 new public charging piles have been added every month.
-- The demand gap for electric vehicle charging piles continues to expand
The construction goal mentioned in the "Electric Vehicle Charging Infrastructure Development Guide" issued in 2015 is to build 4.8 million charging piles by 2020 to meet the charging needs of 5 million new energy vehicles, including 500,000 public charging piles and 4.3 million private charging piles, and the vehicle-to-pile ratio is basically 1:1.
However, the current construction of the charging network is far behind the plan. By the end of 2023, the number of new energy vehicles in mainland China will be 20.41 million, with a vehicle-to-pile ratio of 2.4:1, which is a big gap compared with the vehicle-to-pile ratio of 1:1 planned in the "Development Guide". It can be seen that in order to achieve the national new energy vehicle planning goals, the construction of charging infrastructure will become the focus of development in recent years, and the future growth space of the electric vehicle charging industry is huge.
According to the analysis of the Prospective Industry Research Institute, with the further improvement of the new energy penetration rate in the domestic automobile sales market and the acceleration of the construction of supporting charging infrastructure, it is expected that the cumulative number of electric vehicle charging piles in China will exceed 25 million units in 2029.
Zeng Yu, director and deputy general manager of Sunwoda, said that ultra-fast charging batteries are the development trend of the industry, and many car companies have released models that support 800V high-voltage charging platforms, and it is expected that models of more than 100,000 yuan may support ultra-fast charging technology in the future.
Guotai Junan Securities research report said that energy replenishment anxiety is one of the main factors limiting the wide application of new energy vehicles, but the existing supply of public charging piles is mainly slow charging, and the charging time is generally more than 1 hour. High-voltage fast charging will become the standard configuration of electric vehicles in the future, and in order to achieve rapid energy replenishment, it is an inevitable trend to develop high-voltage architecture at the vehicle end, and the number of car companies equipped with high-voltage fast charging platforms and high-rate batteries is increasing.
Prospective Economist APP Information Group
For more research and analysis of this industry, please refer to the "Market Prospect and Investment Strategic Planning Analysis Report of China's Electric Vehicle Charging Pile Industry" by Qianzhan Industry Research Institute.
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