China electric vehicle charger market is projected to grow at a CAGR of over 26.0% during the forecast period (2019-2025). The increasing number of charging points in the country significantly drive the growth of the market.
According to the China Electric Vehicle Charging Infrastructure Promotion Association in December 2019, the number of public charging stations for EVs owned and operated by its members totaled 496,000 units as of November 2019, of which 289,000 were AC charging stations, 206,000 were DC while 488 offered both types of current.
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During the first eleven months of 2019, 365,000 charging facilities were installed in the country which represented an increase of 29.5% compared to the last year. As of November 2019, 8 Chinese companies own and operate at least 10,000 EV charging stations in China:
In addition, in November 2020, Tesla Inc. announced its plans to start manufacturing EV chargers in China in 2021. Tesla, which sells its Model 3 electric cars in China and plans to deliver its Model Y sport utility vehicles in 2021, has planned to invest $6.4 million in a new factory for making the chargers, near its car plant in Shanghai. Such an increase in the charging network in the country will directly impact the growth of the China electric vehicle charger industry.
Market Coverage
Key Questions Addressed by the Report
China Electric Bus Market Report Segment
By Ownership
By Charger Type
By Connector Type
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