GXED(SH:600617) Jing Ji Guan Cha Wang·2026-01-24 06:20Core Viewpoint - The National Energy Administration of China has reported significant growth in electric vehicle (EV) charging infrastructure, projecting a total of 20.092 million charging points by 2025, representing a year-on-year increase of 49.7% [2] Group 1: Charging Infrastructure Growth - By 2025, the number of private charging facilities is expected to reach 15.375 million, up 82% year-on-year, while public charging facilities will total 4.717 million, reflecting a 31.9% increase [2] - The growth in charging infrastructure has accelerated, with the time taken to increase from 1 million to 10 million charging points reduced from 13 years to just 18 months [2][3] - The average charging power of public charging stations has increased to 46.5 kW, with a 33% improvement in charging efficiency [2][3] Group 2: Coverage and Accessibility - Charging stations have been established in 98% of highway service areas, with 71,500 charging points built, and 19 provinces achieving full coverage of charging facilities in rural areas [3] - The current charging infrastructure is concentrated in economically developed regions, with the top 10 regions accounting for 65.7% of public charging facilities by 2025 [4] Group 3: Market Dynamics and Competition - The market share of the top five charging operators is projected to decline from 65.4% in 2024 to 61.1% in 2025, indicating increased competition [5] - The total number of battery swap stations is expected to reach 5,155 by 2025, marking a 16% increase from the previous year [5] Group 4: Future Projections - The "Three-Year Doubling" action plan aims to establish 28 million charging facilities by the end of 2027, catering to over 80 million electric vehicles [3][4] - Predictions indicate that by 2026, there will be an addition of 7.419 million private charging facilities and 1.448 million public charging facilities [5]