The impact of the epidemic this year has basically passed. We have said before that as long as the GDP growth rate can keep up in the future, it can be regarded as having no impact on the economy. At present, various policies have been introduced to ensure the stable development of the economy, infrastructure and new infrastructure. , Consumption is the biggest direction of afterburner.
It is also an important means to ensure economic growth in recent years. In particular, new infrastructure can drive a large amount of social investment, which can stimulate economic development more than traditional infrastructure.
Since the introduction of the "Guiding Opinions on Accelerating the Construction of Electric Vehicle Charging Infrastructure" in September 2015, the state has continuously issued various policy documents to encourage and promote the construction and operation of charging piles. Speed up the construction progress of "new infrastructure", including charging piles.
After several years of exploration, as an important infrastructure for new energy vehicles, charging piles have now formed a relatively complete reward and subsidy policy, which is followed up by the central planning and local rewards and subsidy. Since the introduction of the national plan for charging piles, various provinces and cities have introduced different levels of construction subsidies and operation subsidy policies. The "14th Five-Year Plan" is approaching, and cities have also increased subsidies for the operation of public charging piles on the basis of facility subsidies.
In 2019, my country added 442,000 new charging piles, including 216,000 public ones and 226,000 private ones. In the past two years, except for a few outliers at the end of the year or the introduction of the subsidy policy and the transition period, the average number of charging piles installed per month from January to November 2018 was about 5,000 units, while the number of charging piles installed per month in 2019 was basically 10,000. The number of charging piles installed in a single month in the fourth quarter of last year continued to increase. It is expected that my country's charging pile market will continue to grow rapidly this year.
The proportion of AC charging piles in public charging piles has increased rapidly. By the end of 2019, DC charging piles accounted for 41% of public charging piles. The requirements for fast charging of operating vehicles are expected to continue to increase the proportion of DC charging piles.
The impact of the epidemic this year has basically passed. We have said before that as long as the GDP growth rate can keep up in the future, it can be regarded as having no impact on the economy. At present, high-level officials have issued various policies to ensure the stable development of the economy. Infrastructure and consumption are the biggest directions of Afterburner.
It is also an important means to ensure economic growth in recent years. In particular, new infrastructure can drive a large amount of social investment, which can stimulate economic development more than traditional infrastructure.
Since the introduction of the "Guiding Opinions on Accelerating the Construction of Electric Vehicle Charging Infrastructure" in September 2015, the state has continuously issued various policy documents to encourage and promote the construction and operation of charging piles. Speed up the construction progress of "new infrastructure", including charging piles.
After several years of exploration, as an important infrastructure for new energy vehicles, charging piles have now formed a relatively complete reward and subsidy policy, which is followed up by the central planning and local rewards and subsidy. Since the introduction of the national plan for charging piles, various provinces and cities have introduced different levels of construction subsidies and operation subsidy policies. The "14th Five-Year Plan" is approaching, and cities have also increased subsidies for the operation of public charging piles on the basis of facility subsidies.
In 2019, my country added 442,000 new charging piles, including 216,000 public ones and 226,000 private ones. In the past two years, except for a few outliers at the end of the year or the introduction of the subsidy policy and the transition period, the average number of charging piles installed per month from January to November 2018 was about 5,000 units, while the number of charging piles installed per month in 2019 was basically 10,000. The number of charging piles installed in a single month in the fourth quarter of last year continued to increase. It is expected that my country's charging pile market will continue to grow rapidly this year.
The proportion of AC charging piles in public charging piles has increased rapidly. By the end of 2019, DC charging piles accounted for 41% of public charging piles. The requirements for fast charging of operating vehicles are expected to continue to increase the proportion of DC charging piles.
Construction of charging piles in my country
As a toB-end industry, the charging pile hardware industry has weak bargaining power, low gross profit margin and a downward trend. After the industry reshuffle, companies that do not have core technologies and have not yet formed large-scale are eliminated.
At present, most of the listed companies involved in the manufacturing of charging piles have core technologies related to DC charging modules for many years. In addition to the charging module, other components of the charging pile include boxes, power distribution equipment, cables, operation screens, payment modules, etc., and there are no high-tech barriers. Therefore, technically speaking, the charging pile does not have a high threshold.
According to the 13th Five-Year Plan, the number of charging piles nationwide will reach 4.8 million in 2020. By the end of 2019, the number of charging piles nationwide will be 1.22 million, which is still far from the target of 4.8 million. The deadline is approaching. There will be rush outfits all over the place this year.
In 2020, the central government will continue to strengthen the deployment of the "new infrastructure" task, and the construction of charging infrastructure is the key construction direction of the "new infrastructure". With the rapid development of new energy vehicles in recent years, charging piles, as an important part of the new energy vehicle industry chain, are expected to accelerate to make up for the shortcomings of previous development under the "new infrastructure".
Driven by the "new infrastructure" plan, companies with a large proportion of charging pile business have a certain allocation value in the short term, while the long-term investment value is relatively weak. At present, the industry has entered a stage of reshuffle, and companies with first-mover scale advantages and capital cost advantages are expected to expand their market share.
At present, both the charging pile and the new energy vehicle industry have passed through the initial predicament of "the chicken or the egg" industry development. The two have balanced development and joint promotion. After years of exploration, user habits have been formed, and the operation of charging piles The model and profit model have initially matured, and the industry is about to usher in an explosive period with broad development prospects. The short-term profit elasticity of charging pile hardware is large, and the long-term profit potential of operation is large.
According to the national plan of 5 million new energy vehicles in 2020, it is estimated that by the end of 2020, the number of new energy buses, taxis, special cars and passenger cars will be 45, 25, 40 and 3.9 million respectively.
Among them, because some of the new energy vehicles are plug-in hybrid vehicles, for example, some consumers in Shanghai choose to buy plug-in hybrid vehicles to obtain licenses, but the demand for charging is small. The charging ratios of special cars and passenger cars are 80%, 80%, 80%, and 75% of the estimated charging demand, respectively. At present, a small number of operating vehicles have self-built charging piles, and about 70% of new energy passenger car owners have self-built charging piles. Therefore, the proportion of public charging service fees is calculated according to 80%, 90%, 80%, and 30%, and the national public charging demand in 2020 is about 14.7-32.3 billion kWh. If calculated according to the average service fee of 0.6 yuan per kilowatt-hour, it is expected that the domestic public charging market will reach 8.82-19.38 billion yuan in 2020.
With the further popularization of electric vehicles and the promotion of new infrastructure, the charging pile industry is about to usher in an explosive period. The acceleration of new infrastructure will benefit charging pile hardware manufacturers in the short term.