China continues to actively develop infrastructure for electric vehicles. According to official data published on Wednesday, the number of charging stations in the country exceeded 18.64 million by the end of October this year, a 54% increase compared to the previous year. Of these, around 4.53 million are public charging installations, while more than 14.11 million are private, representing an increase of 39.5% and 59.4%, respectively, according to data from the National Energy Administration. The combined nominal power of public electric vehicle charging installations was approximately 203 million kilowatts at the end of October, or an average of 44.69 kilowatts per station. Earlier this month, China unveiled a three-year action plan to improve the country's electric vehicle charging infrastructure. The goal is to establish a national network of 28 million charging installations with a public charging capacity exceeding 300 million kilowatts by the end of 2027. The business of operating charging stations is highly concentrated in a few hands: the top 15 operators are responsible for managing 84.1% of all public chargers. The top three leaders are: TELD: 807,000 units, Star Charge: 703,000 units, and YKC: 656,000 units. In addition to these operators, the main electric vehicle manufacturers in China are also present in the business with their own charging networks. Nio: 5,137 stations and 28,681 chargers, Li Auto: 2,851 stations and 15,655 chargers, Tesla: 2,800 stations and 14,100 Superchargers. In the words of the director of the National Energy Administration (NEA), Wang Hongzhi, China already has two chargers for every five electric vehicles on the road. This figure demonstrates that the country has more than fulfilled its duties, as just five years ago there were 10 times fewer chargers than today. Furthermore, the growth in chargers has been faithfully supported by electric vehicle sales, with 6.91 million units registered in the country's market. Thus, the ratio we find is one charger for every 1.8 vehicles. In terms of electric mobility, China maintains a breakneck pace and is expected to surpass the 100 million electric vehicles mark on the road by 2030.
