Charging station operators are expected to see a turning point in profitability

 

According to the State Grid Smart Vehicle Networking Platform, during this year’s Spring Festival travel rush, the charging capacity of new energy vehicles on highways reached 134 million kilowatt hours, a year-on-year increase of 69.35%; The number of orders for highway charging reached 5.9636 million, a year-on-year increase of 53.29%.
Dongfang Securities pointed out that the number of new energy vehicles in China is expected to continue to grow rapidly. Coupled with domestic policy incentives, operating and manufacturing companies with a deeper layout of charging stations in China are expected to face greater flexibility. On the one hand, the supporting facilities for charging piles in third – and fourth tier cities are outdated, coupled with the need for new energy vehicles to go to rural areas. The construction of charging piles in the sinking market will drive the demand for equipment manufacturing, and it is expected to see new orders from equipment enterprises in the later stage. On the other hand, the base of tram ownership in first tier cities is relatively high, and as the penetration rate continues to increase, it will continue to drive the demand for public charging. Operating enterprises will benefit, and profits are expected to reach a turning point..