Major Announcement! The high-voltage fast charging sector is experiencing a significant surge in strength.
On March 18, 2025, the A-share market saw the high-voltage fast charging concept gain traction, with the index leading the gains at 3.13%. Notably, stocks such as Yingkerui reached their daily limit, while Green Energy Huichong, Yonggui Electric, and Zhongrong Electric also saw substantial increases.
On March 17, BYD held a technology launch event for its Super e-platform, where it introduced the “Megawatt Flash Charge” technology. Wang Chuanfu, the Chairman of BYD Group, stated that this technology can achieve a maximum charging voltage of 1000V, a maximum charging current of 1000A, and a peak charging power of 1MW. The highest peak charging speed can reach 2 kilometers in 1 second, allowing for a 407-kilometer charge in just 5 minutes. Additionally, BYD plans to construct over 4000 “Megawatt Flash Charging Stations”.
With the rapid development of the new energy vehicle industry and strong policy support, the number of charging infrastructure facilities, particularly public charging stations, has significantly increased in recent years. According to data released by the China Electric Vehicle Charging Infrastructure Promotion Alliance, as of the end of January 2025, the total number of charging infrastructure units in the country reached 13.213 million, marking a year-on-year increase of 49.1%. In January alone, 395,000 new charging infrastructure units were added, a year-on-year growth of 49.5%, with public charging stations accounting for 181,000 new units, reflecting a remarkable 222.5% increase.
According to the Qianzhan Industry Research Institute, supported by national industrial policies, maturing technology, and the release of downstream consumer demand, the number of electric vehicle charging stations in China is expected to continue rising from 2024 to 2029. By 2029, the total is projected to exceed 32 million, with a compound annual growth rate of 24.9%.
Research from CICC predicts that with the support of automotive manufacturers and energy companies, the liquid-cooled ultra-fast charging sector will drive an upgrade in the industry chain, leading to a market size of nearly 9 billion yuan in China by 2026. A neutral forecast suggests that the number of domestic liquid-cooled charging stations may reach 45,000 by 2026, translating to a total market potential of approximately 8.73 billion yuan, with the host market exceeding 7.74 billion yuan and the terminal market nearing 1 billion yuan.
