China Electric Vehicle Charging Stations Market Size, Share, Opportunities, And Trends By Vehicle Type (Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV)), By Application (Public, Private) - Forecasts From 2024 To 2029

China’s electric vehicle charging stations market is anticipated to expand at a CAGR of 38.52% to attain US$58,151.883 million by 2029 from US$11,403.475 million in 2024.

An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in China, mainly with the increasing ownership of electric vehicles and the introduction of new policies and investment plants to boost the nation's EV infrastructure.

The increasing demand for electric vehicles nationwide is anticipated to boost the Chinese electric vehicle charging station market. With this increased demand, the need for suitable and efficient infrastructure will rise, pushing the market growth. Similarly, the Chinese electric vehicle charging station market is also estimated to witness a massive increase with the introduction of new policies and governmental initiatives, which are aimed at developing the EV infrastructure and ecosystem in the country.

China Electric Vehicle Charging Stations Market Drivers:

• The rising demand for Electric Vehicles

The rising advent of EVs is boosting the region's electric vehicle charging station market. The demand for electric vehicles has grown significantly due to developments and the introduction of new technologies. Similarly, the extensive growth in the nation’s EV production is also expected to propel the market for EV charging stations forward in China.

The International Energy Agency (IEA), in its report, stated that China’s EV sales reached 8.1 million in 2021. The total number of battery electric vehicles sold in China in 2021 was recorded at about 3.3 million, which expanded further to 6 million in 2022. China is also among the leading producers of electric vehicles globally. The electric vehicle stock in China has grown massively in the past few years. The agency stated that in 2021, the total electric vehicle stock of China was recorded at about 6.2 million, reaching 10.7 million in 2022. In 2023, the total EV stock almost doubled from 2021, reaching about 16.1 million units.

• Favourable government policies toward EV infrastructure

The Chinese Government has introduced multiple policies and subsidies to develop the nation's EV infrastructure, boosting the market growth. For instance, in March 2024, the National Development and Reform Commission of the People’s Republic of China introduced a policy for optimizing charging associated costs aimed at implementing peak and valley time-of-use electricity prices, reducing the charging price of an EV. Similarly, China's Equipment Industry Department, Guangdong Industry and Information Technology introduced a new action plan, which is aimed to increase the public charging points in the Guangdong Province of China to 210,000 by the end of 2025.

China Electric Vehicle Charging Stations Market Products Offered by Key Companies:

• Zhejiang Benyi New Energy Co., Ltd, is among the biggest producers of productive components for photovoltaic systems. The company's solutions include microinverter solutions for balconies and microinverter solutions for rooftops. It offers a wide range of products like rapid shutdown devices, combiner boxes, BC isolator switches, DC circuit breakers, and EV chargers, among others.
• ABB is among the global multinational corporations that offer electrification and automation solutions. The company offers solutions across multiple industries, like chemicals, data centers, printing, power generation, marine, and automotive. Its products include control room solutions, drives, electric drivetrains, industrial software, and robotics. In the Chinese EV charging station market, the company offers AC destinations, DC destinations, DC fast, HVC 360, and DC high power, among others.

China Electric Vehicle Charging Stations Market Key Developments:

• In December 2023, Mercedes-Benz Group China Ltd. and BMW Brilliance Automotive Ltd. formed a joint venture to expand and operate high-power charging networks in China. The two industry giants aim to establish a minimum of 1,000 high-power charging stations in the nation, including about 7,000 high-power bays, by 2026.
• In September 2023, Shell, a multinational corporation, announced that it, in partnership with BYD, a Chinese multinational automobile manufacturer, had opened its largest EV charging station in China. The charging station features 258 public fast-charging points located at the Shenzhen Airport Terminal.

China's Electric Vehicle Charging Stations Market is segmented and analyzed as follows:

• By Type of Electric Vehicle
  • Battery Electric Vehicle (BEVs)
  • Plug-in Hybrid Electric Vehicle (PHEV)
• By Application
  • Public
  • Private

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. CHINA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY TYPE OF ELECTRIC VEHICLE

5.1. Introduction

5.2. Battery Electric Vehicles (BEVs)

5.3. Plug-in Hybrid Electric Vehicle (PHEV)

6. CHINA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION

6.1. Introduction

6.2. Public

6.3. Private

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Market Share Analysis

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Competitive Dashboard

8. COMPANY PROFILES

8.1. ABB Ltd

8.2. En+ Technologies

8.3. WONIK PNE CO., LTD.

8.4. Invt Electric Co.

8.5. Delta Electronics

8.6. XPENG Inc.

8.7. Shell Energy (China) Co., Ltd.

8.8. Tesla Inc.

8.9. Zhejiang Benyi New Energy Co, Ltd. 

ABB Ltd 

En+ Technologies 

WONIK PNE CO., LTD. 

Invt Electric Co.

Delta Electronics 

XPENG Inc. 

Shell Energy (China) Co., Ltd. 

Tesla Inc. 

Zhejiang Benyi New Energy Co, Ltd.