Chan Ye Xin Xi Wang·2025-12-06 02:35Industry Overview - Charging and swapping equipment is essential for providing power to electric vehicles, encompassing core charging devices and auxiliary maintenance facilities, serving as a critical link between new energy vehicles and the power system [2][5] - The industry is entering a phase of "quantity and quality improvement" driven by robust demand for charging infrastructure and supportive national policies [1][5] Market Size and Growth - By October 2025, the total number of charging infrastructure units in China is expected to reach 18.645 million, with 5,036 battery swapping stations [1][6] - The market size of the charging and swapping equipment industry is projected to reach 35.6 billion yuan in 2024, with a year-on-year growth of 12% [11] Policy Support - A series of national policies have been implemented to support the development of charging infrastructure, including guidelines for integrating electric vehicles with the power grid and promoting large-scale applications of vehicle-grid interaction [5][6] Industry Chain - The industry chain consists of upstream core components and raw material suppliers, midstream equipment manufacturers, and downstream charging service operators [6][8] Regional Distribution - The distribution of public charging facilities shows a concentration in key provinces such as Guangdong, Zhejiang, and Jiangsu, which account for 66.1% of the total [8][9] Competitive Landscape - The market is characterized by high concentration, with the top 15 charging operators holding 83.8% of the market share, led by companies like TELD and Star Charge [9][10] Technological Advancements - The industry is experiencing a shift towards high-voltage and liquid-cooled charging technologies, with 800V platforms becoming more common [11][12] - The standardization and automation of battery swapping equipment are accelerating, reducing swapping times to 3-5 minutes [11] Future Trends - The industry is expected to focus on technological innovation, ecological collaboration, and optimized layout, with a shift towards high-quality development [12][14] - The charging network will aim for comprehensive coverage, balancing urban and rural infrastructure to meet diverse energy needs [15][16]