IOTE Expo China

IOTE 2024 | The 22nd International Internet of Things Exhibition-Shenzhen

Shenzhen World Exhibiton & Convention Center (Bao'an District)

Industry trend|The market demand for charging and swapping is strong, and charging operations and equipment research and development are attracting money.


Recently, the latest statistics released by the China Electric Vehicle Charging Infrastructure Promotion Alliance show that in April, 68,000 new public charging piles were added across the country, a year-on-year increase of 47%, maintaining a year-on-year growth of more than 40% for many consecutive months; in the first four months of this year, the country The increase in charging infrastructure is 1.017 million units. Stable infrastructure construction and layout scale have laid a solid foundation for the development of the new energy vehicle market.

Domestic busy charging pile market, transactions focus on charging operations and equipment research and development tracks

As early as 2014, the country allowed social capital to enter the charging pile operation industry, which set off a trend of charging piles. It expanded blindly in the early stage and became crazy involution. The wave of bankruptcies in 2018 is still vivid in our minds. Tianyancha data shows that since 2019, 50% of companies in the domestic charging pile market have closed down or withdrawn.

With the growth in sales of new energy vehicles, the market demand for charging piles has also been released, and the number of charging infrastructures has grown rapidly. Even if it fell and retreated before, it cannot be denied that the current domestic charging pile market is still in a lively period.

The market still attracts the participation of many giants and innovative companies. Leading car companies such as BYD, Tesla, and “Weixiaoli” are staking their claim and gradually building charging and swapping systems. 800V high-voltage and supercharging stations have almost become standard equipment for car companies. Energy giants such as Sinopec, BP, Shell, and Energy Chain have all entered the field of charging piles. National teams such as State Grid and operators have also entered the field. Huawei and Didi have also set their sights here. Even the Bull Group, famous for its sockets, rushed in.

According to public information, as of the end of 2023, the cumulative number of charging infrastructure nationwide was 8.6 million units. During the same period, the number of new energy vehicles in my country reached 20.41 million, with a vehicle-to-pile ratio of 2.3:1. There is still much room for growth in the domestic charging and swapping industry.

The activity of domestic charging equipment confirms the strong demand in the charging and swapping market.

In the primary market, active equity transactions in domestic charging equipment and charging operation tracks also confirm the strong consumer demand in the charging and swapping industry. In 2023, 29 companies in the domestic primary market charging and swapping industry participated in 37 M&A financing transactions.

From the perspective of segmented tracks, mergers and acquisitions and financing transactions in the primary market of segmented tracks such as centralized charging operations, two-wheeled vehicle charging operations, and charging equipment research and development are relatively active.

Image source: Transaction Consultants

In terms of financing amount, 5 of the transactions had a financing amount exceeding RMB 100 million; 12 transactions had a financing amount between RMB 10 million and 100 million; 2 transactions had a financing amount between one million and 10 million yuan; The amount of financing was not disclosed in 18 transactions. Among them, Yiman Technology completed three rounds of financing this year; Guoguang Shuneng, Jiuxing Energy, Sentong Zhida, Shanghai Huanxiao Technology, Century Yunan and Wutongyu Energy each completed two rounds of financing this year.

Image source: Transaction Consultants

In addition, in the past six months, many financing events have occurred in the charging pile market:

Write at the end

With the support of global “low-carbon” development, new energy has become the mainstream direction of global development. With the increasing domestic layout in the field of new energy vehicles, the production and sales of domestic new energy vehicles have achieved relatively rapid development. At the same time, The demand for charging piles has also seen explosive growth. Against such a general background, my country’s new energy vehicles and charging piles will have huge room for development and will usher in new development opportunities in the future.

Therefore, when it is recognized by industry insiders that the construction and operation of charging piles requires large investments, long investment return cycles, and the need to continue to “burn money,” this market capital is still active.

This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)

Join us at August 28–30 in Shenzhen, and let’s shape the future of technology together!

To register IOTE 2024 Shenzhen station:

IOTE 2024 The22nd International Internet of Things Exhibition-Shenzhen 2024.08.28-30 Wed. To Fri. 9:00-17:00(only Friday until 14:00)

IOTE EXPO SHENZHEN LOCATION-Shenzhen World Exhibition Center (Bao'an District)
Contact Us:
E-mail: /
+86 13266868052(WhatsApp&Skype,Wechat)
No. 1, Zhancheng Road, Fuyong Street Baoan District, Shenzhen, Guangdong Province,China