On 15 september, the shenzhen city development and reform commission published shenzhen city's selected measures for consumption promotion (hereinafter referred to as the measures) to encourage car consumption and support housing consumption. In the measures, mention is made of shenzhen's need to speed up the construction of “excess cities”: 450,000 recharge stakes, 175 super-fast-fill stations, 85 v2g demonstration stations and 30 integrated energy supply stations by the end of 2024。
The construction of shenzhen's “excess city” is only a microcosm of the country's additional energy. According to incomplete statistics by journalists, more than 20 policies on charging infrastructure have been issued throughout the country since late 2023. How can this be the focus of development in regions and cities? What will be the impact on the listed companies
Shenzhen's motor vehicle consumption. The sword means "the city of excess."
Shenzhen's construction of the “excess city” has become one of its important measures to encourage car consumption。
The measures mention the need to accelerate the construction of “excess cities” and to facilitate the integration, scientific integration and overall upgrading of new energy vehicle charging infrastructure planning with such planning as petrol stations, electricity and transport. To facilitate “norther” hong kong single and deep hong kong electric vehicles to recharacterize and recharacterize at depths, and to facilitate the installation of recharge converters at the hong kong people's centralized charging facilities. Speed up the construction of an easy and efficient charging network, with a cumulative construction of 450,000 chargers, 175 super-fast-fill stations, 85 v2g demonstration stations and 30 integrated energy supply stations by the end of 2024。
Chen jia, an independent international strategist, said to journalists: “whether the recent intensive introduction of local supporting documents and policy measures in shenzhen, etc., in conjunction with the construction of the central accelerated charging infrastructure, or the rapid development of recharge and storage systems, virtual power plants and spot electricity markets throughout the country in the second half of the year, this can be seen as an acceleration of industrial chain policies in balancing the regional economic dimension! Looking ahead, if this trend is advanced, the intelligence and digitization of domestic energy systems and charging networks will accelerate the transition and competition across the globe over new energy sources, the `excess cities', will become increasingly popular.”
The shenzhen sword, which is behind the “excess city”, is a rapid development in shenzhen city in the area of new energy vehicles that has generated a wide demand for recharge infrastructure. At the china-asean new industries forum, which was attended by journalists in early july, shao zuping, deputy director of industry and information technology, shenzhen city, stated that shenzhen had responded positively to the national strategy for the development of new energy vehicles, that the city-wide holdings of new energy vehicles had exceeded 860,000, that the city-wide public sector vehicles had the leading level of electricization and that new vehicles had over 60 per cent electric penetration。
According to the previous shenzhen city development and reform commission's special plan for new energy vehicle charging facilities in shenzhen city, the size of shenzhen's new energy vehicle would reach 1. 3 million by the end of 2025. The construction of a charging infrastructure that matches it is also a top priority. It is planned that by 2025 shenzhen city will have built 300 overload stations, with a ratio of 1:1 overload stations and gas stations, and the initial construction of the “excess city”。
In addition to the construction of charging stakes and overcharge stations, shenzhen will also be active in power exchange, among other things, to encourage car consumption. The measures mention supporting the piloting of a new energy-for-car exchange model, spearheading the piloting of new energy-for-electric vehicles in areas such as heavy cards, and subsidizing those vehicles that meet the conditions of the pilot. Social capital is encouraged to invest in the operation of new energy vehicle utility power exchange demonstration stations, which are supported in terms of land use, approval, operation, etc。
In response to the upgrading of electric bicycle charging facilities, the measure refers to the promotion of local standards for the development and operation management of electrical bicycle central charging facilities, the new expansion of centralized charging facilities in public and residential buildings, the prioritization of recharge cabinets and re-filling cabinets, and support for the accelerated upgrading of storage facilities in the operation and management of charging facilities against local standards。
Overall, the construction of the “excess city” is just one of the manifestations of the construction of a new energy car infrastructure in shenzhen, and why can shenzhen continue to be at the forefront of the development of a new energy car infrastructure
“first, the strong support of shenzhen municipality for the new energy automobile industry is an important factor. Not only has the government provided strong policy support, but it has also invested considerable resources, both financial and human, in practical actions to ensure the construction and development of a new energy automobile infrastructure; and second, shenzhen, as china's science, technology and innovation centre, has a strong capacity for scientific and technological research and development. This has enabled shenzhen to take the lead in the technology and application of new energy vehicle charging infrastructure; and thirdly, shenzhen's geographical location and city size have also provided favourable conditions for its development. Shenzhen is located in the pearl triangle, which is accessible and densely populated, and provides a vast market space for the promotion and spread of new energy vehicles.”
Over 20 policy-intensive publications in the area of multi-purpose complementary energy
The shenzhen sword, which refers to the “excess city”, is only a microcosm in the area of additional complementary energy throughout the country. According to incomplete statistics by journalists, since the second half of 2023, more than 20 policies related to charging infrastructure have been issued throughout the country。
In september this year, seven departments, such as the ministry of industry and information technology, published a work programme for steady growth in the automotive industry (2023-2024), which refers to improving infrastructure development and operation, implementing the guidance for the further construction of a high-quality recharge infrastructure system, and optimizing the enabling environment。
In july of this year, the national development and reform commission, among others, issued a number of measures to promote car consumption, which clearly set out policy measures to strengthen the construction of new energy vehicle support facilities, implement the construction of a high-quality charging infrastructure system and support the ruralization of new energy vehicles。
At the local level, several provinces and municipalities, including guangdong, jilin, shandong, hunan, gansu, henan, zhejiang and jenan, have successively introduced policies to encourage the development of charging infrastructure。
In september of this year, the guangdong people's government office published the programme for the implementation of the strategy for the expansion of domestic demand in guangdong province, which clearly aims to accelerate the construction of regional (stations) and road-side charging infrastructure, such as highway service areas, and to progressively achieve full coverage of the sub-districts and operational parking areas。
In september, the shandong provincial government held a routine policy briefing to read the shandong province three-year action plan (2023-2025), which proposed that by 2025, the province's public and residential charging infrastructure would reach 180,000 and over 900,000, respectively. By 2025, the proportion of urban pedestals had reached more than 70%, creating a 10-minute pedestal. By 2025, the public charging station will be fully covered in the countryside。
Also in september of this year, the national development and reform commission of the ningxia autonomous region issued a programme for the further enhancement of the capacity of the autonomous region to provide services for charging infrastructure, specifying that, by 2025, the region-wide recharge infrastructure would have reached the level of 500 public charging stations, seven power exchange stations and 3,000 public recharge poles, with the initial construction of a wide, modest and well-structured system of recharge infrastructure。
Why are there competitions to recharging infrastructure? In an interview with a journalist, ang gwang yong, an expert of the credit management committee of the all-china mergers and acquisitions association, said: “first, new energy cars are considered to be an important means of reducing pollution and combating climate change, and the government supports the construction of charging facilities to promote their development and diffusion. In addition, the construction of charging infrastructure can create jobs, attract investment and promote economic structural upgrading. Increasing the level of charging services will also help to increase acceptance of new energy vehicles and boost market growth.”
The performance of listed companies has warmed up and new opportunities have developed
Against the background of the field of multi-faceted additional energy, the a-charging stake concept is also opening new development opportunities for companies。
According to wind, as at 16 september, 38 companies with a total market value of nearly $500 billion had been listed in the concept of a-charging stakes, of which 28 had achieved a year-on-year increase in net profits in the first half of 2023, or more than 70 per cent。
According to the recharge union, by june 2023, our stock of recharge stakes stood at 6. 652 million, an increase of 69. 8 per cent over the same period. Of these, 2,149,000 were held by public charging stakes, an increase of 40. 6 per cent over the same period (908,000 by direct charging stakes and 124. 0 million by exchange) and 4. 53,000 by private charging stakes, an increase of 88. 4 per cent over the same period。
By way of breakdown, the chain of the recharge pillar industry consists of the equipment manufacturing and operational components. The upper part of the industrial chain is mainly a supplier of charge-stretching equipment metaware and spare parts, and the mid-stream is mainly an entire producer of charge-stretching stakes, and the downstream is mainly a charging service operator and terminal customer。
From the manufacturing chain, the charging module in upstream charge-posting equipment is core and presents high barriers and a high concentration of market shares. Financial securities projected a global charging module space of $65. 6 billion in 2027, with a combined annual growth rate of 56 per cent over the next five years. In terms of the market as a whole, financial securities are expected to grow at an average annual rate of 45 per cent over the next five years, with the combined effect of markets and policies, totalling $19. 29 billion in total global market space in 2027。
From the point of view of the operation, specific operators can be divided into three categories: the first category consists of specialized operating enterprises represented by special electric power, cloud-flooding, small orange charge, star charging, yvonne energy, the second category consists of state-owned enterprises represented by the national grid, the southern grid, china’s general sky, and the third category consists of whole-car enterprises represented by biyadi, tesla, kayi, peng, and fusil。
Previously, downstream charging service operators had been running losses over the years owing to the “run-in” and high construction costs of prior investments, but the situation was gradually improving. The trieder biannual report shows that the first half of the year the company charged 2,367 million yuan, an increase of 49. 69 per cent and a gross profit of 330 million yuan, an increase of 34. 79 per cent. Of these, triede's subsidiaries, which were engaged in power-charging operations, had a net loss of $71 million, or $40 million on the same basis。
The financial securities report states: “in the future, as the cost of charging stakes drops, the utilization of single piles, the increase in single power, the increase in the revenue from measuring electricity, the further development of new business models, such as photolithography integration, network interaction, and the progressive development of electricity market transactions, it is expected that head-operaters will move across the profit-and-loss balance points to achieve a profit improvement.”
Financial and economic commentator zhang xue feng, in an interview with a journalist, said: “according to the development of charging infrastructure, the demand for charging stakes will increase significantly, and listed companies in the field of charging stakes will have more opportunities to participate in the project and gain an expanded market share. In addition, the government has emphasized the regulation of the charging market order and the upgrading of charging services, so that the advantages of listed companies in terms of technological innovation, product quality and service capacity will be fully realized. At the same time, however, attention needs to be paid to the increased competition in markets and the impact of technological advances, and listed companies need to remain innovative and market-sensitive in order to be able to achieve sustainable development opportunities in the field of charging stakes.”
Editor-in-chief: zhang wu
