Our in-depth analysis of the China electric vehicle (EV) charging station infrastructure market includes the following segments:
By Type of Charging Station
Some of the key players dominating the market are Shijiazhuang Tonhe Electronics Technologies Co. Ltd., Contemporary Amperex Technology Co. Limited, Suzhou Anjie Technology Co., Ltd. (苏州安洁科技股份有限公司), Star Charge, Telaidian New Energy Co., Ltd. (特来电新能源股份有限公司), EV Power Holding Limited, Shanghai Electric, China Putian Information Industry Co., Ltd. (中国普天信息产业股份有限公司), Shenzhen Auto Network Co., Ltd. (深圳市车电网络有限公司), and Wanma Aichong (万马爱充). Additionally, the Chinese state-owned electric utility corporation, i.e., the State Grid Corporation of China (SGCC), has made a landmark by developing a significant electric vehicle charging station network and battery swapping network in the nation and becoming the world’s largest charging network in terms of service capacity, number of charging stations, and coverage.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.