Electric vehicle charging giants are making significant strides, as two major players announce a collaboration to expand their charging networks. On March 18, 2025, Huanghe Technology (300750.SZ) and Jinglai (09866.HK) jointly declared their partnership, following a signing ceremony held on March 17. The collaboration aims to create the largest charging network and promote the development of new energy technology standards.
According to the agreement, both companies will focus on establishing a robust charging infrastructure to enhance the electric vehicle charging experience. Huanghe Technology is set to support the development of Jinglai’s charging network, while Jinglai will implement the latest technology standards for electric vehicle charging.
The partnership comes at a time when the demand for electric vehicles is surging, with both companies reporting a significant increase in their market shares. As of March 18, Jinglai’s stock price had risen by 17%, while Huanghe Technology’s stock price had increased by 8.95% to 41.4 yuan.
Two major charging networks are currently leading the electric vehicle market, primarily driven by Huanghe Technology and Jinglai. The collaboration is expected to significantly enhance the competitiveness of electric vehicle charging services.
Huanghe Technology aims to increase its charging stations to accommodate more users, while Jinglai plans to develop new vehicle models that align with the latest charging standards. Both companies are committed to integrating their charging solutions into existing networks, creating a more seamless experience for electric vehicle users.
By 2024, the partners plan to establish a network of over 10,000 charging stations, with a target of building 1,000 charging stations in the medium term. This ambitious project aims to facilitate the transition to electric vehicles and make charging more accessible to consumers.
Moreover, both companies are set to enhance their technology capabilities and expand their market reach by collaborating on new energy standards and regulatory frameworks. This partnership is a crucial step towards meeting the growing demand for electric vehicle services and advancing the industry.
In summary, the collaboration between Huanghe Technology and Jinglai represents a significant advancement in the electric vehicle charging sector. With their combined efforts towards creating a robust charging network and promoting new energy standards, they are well-positioned to lead the market and support the transition to electric mobility.
