Major Announcement! High-Pressure Fast Charging Gathers Momentum
On March 18, the concept of high-pressure fast charging in the A-share market showed strong performance, leading the index with a growth of 3.13%. Several stocks, including Yingkerui, reached their daily limit, while others like Green Energy Huichong, Yonggui Electric, and Zhongrong Electric also experienced significant increases.
In recent news, BYD unveiled its “Megawatt Flash Charging” technology during the Super e-Platform technology launch on March 17. Wang Chuanfu, the chairman of BYD Group, stated that this technology can achieve a maximum charging voltage of 1000V, a maximum current of 1000A, a charging rate of 10C, and a peak charging power of 1MW. The peak charging speed can reach 2 kilometers in 1 second and charge 407 kilometers in just 5 minutes. Additionally, BYD plans to establish over 4000 “Megawatt Charging Stations.”
With the rapid development of the new energy vehicle industry and strong policy support, the number of charging infrastructure, especially public charging piles, has seen substantial growth 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 facilities in the country reached 13.213 million, marking a 49.1% year-on-year increase. In January alone, 395,000 new charging facilities were added, up 49.5% year-on-year, with public charging piles increasing by 181,000, a remarkable 222.5% increase compared to the previous year.
According to the Qianzhan Industry Research Institute, supported by national industrial policies, the gradual maturity of technological conditions, and the release of downstream consumer demand, the number of electric vehicle charging piles in China is expected to continue rising between 2024 and 2029. By 2029, the total is projected to exceed 32 million, with a compound annual growth rate of 24.9% over this period.
A report from China International Capital Corporation predicts that driven by automotive manufacturers and energy companies, the liquid-cooled ultra-fast charging market will see an industry chain upgrade, with the market size in China approaching 9 billion yuan by 2026. A neutral forecast suggests that the number of domestic liquid-cooled charging stations could reach 45,000 by 2026, corresponding to a total market potential of 8.73 billion yuan, with the main unit market exceeding 7.74 billion yuan and the terminal market nearing 1 billion yuan.
