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Development Trend Of Charging Station
The ratio of the number of electric vehicle charging stations to the number of electric vehicles in China has dropped to 2.55:1, driven mainly by private charging stations. Currently, the ratio of electric vehicles to public charging stations is 6.7:1, meaning there are approximately seven vehicles per public charging station, highlighting the challenge of an insufficient number of charging stations.
As of 2022, there are approximately 14 companies operating more than 20,000 charging stations across the country, while 8 companies operate more than 60,000 public charging stations. In this case, the concentration ratio (CR3) of China's new energy vehicle charging station market is close to 55, while the concentration ratio (CR8) exceeds 80. China's new energy vehicle charging station market shows a high degree of concentration. The main factors leading to the high concentration of the charging station operation market are strong economies of scale, huge upfront investments, and long-term investment return cycles, which greatly test the company's financial and operational capabilities. Therefore, in the long run, China's new energy vehicle charging station market will maintain a relatively high degree of concentration.
Although the market concentration of China's new energy vehicle charging station market is already at a high level, with the rapid increase in demand for charging stations, competition among charging station operators will further intensify. Specifically, competition in the charging station market can be divided into competition among existing enterprises, competition among new entrants, price negotiations with upstream suppliers, and competition with alternative industries.
The above are the latest developments in China’s new energy vehicle charging station market. As the number of electric vehicles increases and charging demand continues to grow, China will continue to be committed to the construction and development of charging station infrastructure to meet the growing market demand.