China Electric Vehicle (EV) Charging Infrastructure Industry Overview
The electric vehicle charging infrastructure market in China is fairly consolidated and highly competitive, with players such as TELD New Energy, Star Charge, YKC, State Grid Corporation of China, and TGood dominating the market. Other players in the market, including BYD, Tesla, Evking, and Southern Power Grid, among others, capture a smaller market share.
- In August 2023, Hyundai Motor Group announced its partnership with Chinese electric vehicle (EV) charging service information provider NaaS Technology for future EV charging business opportunities in China. Hyundai signed an initial pact with Naas at the Chinese firm's headquarters in Beijing to jointly develop customized EV charging services based on its connected services platform and NaaS charging infrastructure data.
- In April 2023, Tesla announced that the company would allow non-Tesla vehicles to be charged at Selected Superchargers installed by the company in China. Further, the company stated that 10 Supercharging stations across Beijing and Shanghai, as well as 120 destination charge points in 25 provinces and cities, will be available to non-Tesla electric vehicles beginning in April.
The electric vehicle charging infrastructure market in China will witness the integration of various incumbents and start-ups in the ecosystem. It is to capture the lucrative opportunity that this space provides during the forecast period.
China Electric Vehicle (EV) Charging Infrastructure Market Leaders
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TELD
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Starcharge
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YKC
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State Grid Corporation of China
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TGood
- *Disclaimer: Major Players sorted in no particular order
