LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent electric vehicle charging station market in China 2016-2020 report. This research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, China’s market for EV charging stations was until recently monopolized by the State Grid Corporation of China (SGCC) and the China Southern Power Grid (CSPG). SGCC was not only the manager of stations but also supplied electricity to these charging stations. The one key advantage of this model was that it was simple and easy to manage. However, its monopoly may have hindered the development of the EV market because of lack of competition. In 2014, SGGC initiated an ambitious reform to open up the market for constructing charging stations to private players. This initiative welcomes everyone who has the willingness and ability to invest.
According to Sayani Roy, a lead analyst at Technavio for tools and components research, “The overall opening up of the charging station construction market has been good news for automakers like BYD. China also aims to build 12,000 EV charging stations and 4.5 million charging points wherein the central and local governments will aid private investors in the construction of charging points.”
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BYD was established in 1995, and is headquartered in Pingshan, Shenzhen, China. The company is a supplier of rechargeable batteries. The company specializes in the IT, automobile, and new energy sectors. It develops green products such as solar farms, EVs, battery energy storage stations, and LEDs.
In the EV charging station market in China, BYD, with the help of its Fe battery technology, offers energy storage, microgrids, and distributed energy storage solutions. The company makes use of the BYD bi-directional charging and discharging technology, and charges the grid using the high-peak period with the maximum charging power of 25 kW. It provides bi-directional charging for vehicle-to-grid and vehicle-to-vehicle charging stations.
Hong Kong EV Power
Hong Kong EV Power was founded in 2010, and is headquartered in Hong Kong, China. It is a spin-off company from AMOS Enterprises, which was founded in 2010. The company offers comprehensive EV charging solutions for EV stations, which are suitable for various types EV cars.
Hong Kong EV Power promotes the use of EVs in China and Hong Kong by offering convenient and cost-effective charging solutions for car parking managers and EV drivers. It primarily offers EV charging solutions for EV cars, minivans, buses, and trucks. The company has made 521 installations, provides EV charging for approximately 2,026 cars, and has 258 charging stations across Hong Kong. The company offers an easy-to-use e-charge online platform that offers its EV charging solutions through the Web.
ShangHai Xundao New Energy Technology
ShangaHai Xundao was founded in 2011, and is headquartered in Shanghai, China. The company specializes in research, production and distribution of EVs, and EV battery charging and swapping infrastructure. The product portfolio of the company includes one DC charger, car charger, charging connectors, and AC and DC electric car charging piles.
ShangHai Xundao's XDJ-21 Series AC charging piles have been built in residential areas of new cities such as Hefei, Tianjin, and Shanghai and also in underground garages of the People's Government in Shanghai, Qingdao Xuejiadao, and Jiading Automobile City.
SORO Electronics was established in 1998, and is headquartered in Guangdong, China. The company offers a wide product portfolio such as uninterruptible power supply (UPS), outdoor UPS, AC-DC integrated systems, green energy products, metro platform screen doors system active filters, and power special UPS.
It is one the major players in the global vehicle charging station market in China. The company offers a wide product portfolio such as EV AC charging post, EV DC portable mobile type charger, DC charging rectifier cabinet, integrated DC charging products, EV charging post-floor mount type.
ABB was founded in 1883, and is headquartered in Zurich, Switzerland. The company provides power and automation technologies for utility, transport, and infrastructure industries throughout the world.
ABB offers comprehensive solutions for EV charging systems. It provides specific charging solutions to support all EV charging standards, and offers a product portfolio that includes multi-standard fast chargers; single-standard fast chargers; highway and en-route fast chargers; and chargers for EV dealers.
Browse Related Reports:
- Electric Vehicle Market in China 2016-2020
- Global Battery Electric Vehicles Market 2015-2019
- Global Electric Vehicle Charger Market 2016-2020
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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