Chinese charging pile companies have advantages in the supply chain, technology innovation and cost, leading to high demand in overseas markets, industry experts said. With emissions regulations tightening, the transition to vehicle electrification is unstoppable worldwide.
The State Grid Shanghai Electric Power Company (hereinafter referred to as "State Grid Shanghai Electric Power") has identified the "charging pile" as a breakthrough point and focused on playing the first mover in "new energy vehicles using new energy electricity".
"Domestic charging piles have accumulated significant advantages in technology and product innovation, making them increasingly favored by overseas buyers," said Ye Quanhai, founder of HICI Digital Power Technology.
Data of China''s largest cross-board e-commerce platform, Alibaba, shows that in the first week of March 2023, overseas demand for charging piles on its international platform rose by 218 percent compared to 2022. In response, Alibaba set up a dedicated section for charging piles, with 295 domestic companies joining.
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