China to lead the EV Charging Station Market, global market projected to reach USD 10.1 billion by 2030

The China EV charging station market is expected to grow from USD 6.3 billion in 2024 to USD 10.1 billion by 2030, at a CAGR of 8.2%. China has emerged as a global leader in public light-duty vehicle charging infrastructure, accounting for approximately 70% of the world’s total in 2024, with projections to maintain dominance through 2030. Its robust growth is fueled by strategic initiatives and partnerships aimed at expanding charging access and technology. Xiaomi’s integration with NIO, XPENG, and Li Auto chargers, alongside Volkswagen’s collaboration with XPENG to develop ultra-fast chargers, exemplifies this progress. This extensive infrastructure aligns with the country’s efforts to support EV adoption and sustainable mobility. Around 48% of charging points in China are located around Guangdong, Jiangsu, Zhejiang, Shanghai, and Beijing. As of December 2024, China’s public EV charging infrastructure remains the largest globally, with over 3.2 million charging points. The network is projected to expand to 11.58 million units by the end of 2025, supported by partnerships such as XPENG collaborating with Volkswagen to develop ultra-fast charging stations. Some of the leading EV charging point operators and manufacturers in Asia-Pacific include BYD, State Grid Corporation of China (SGCC), TGOOD, Star Charge, and BESEN in China.

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The market in China is facilitated by a robust infrastructure network, where local governments have streamlined regulatory processes, enabling swift deployment through public-private partnerships. Also, the government is providing financial incentives, including subsidies, tax breaks, and funding support for installation projects, to drive both charging infrastructure development and EV adoption. Also, Chinese EV Charging companies have gained a significant advantage over western EV charging companies due to early market entry advantage. This has allowed them to scale rapidly and develop cost-competitive, technologically advanced solutions. China’s EV charging station expansion is also supported by strong collaborations between charge point manufacturers and operators. Key partnerships, such as those between OEMs such as BYD, NIO, and Tesla with CPOs, enable seamless scalability and compatibility. Major CPOs such as GCL-Poly, Yunnan Power Grid, State Grid and TGood, alongside supportive OEM involvement, are crucial to meeting the country’s growing EV infrastructure needs.

The market in the Asia Pacific region is heavily dominated by Chinese charge point manufacturers and operators, driven by strong EV adoption rates. The ongoing collaborations between global and domestic players have also driven the expansion of EV infrastructure in the country. For instance, a joint venture between Mercedes-Benz and BMW, launched in March 2024, plans to establish a “Supercharging Network” in China with 1,000 advanced supercharging stations by 2026. Additionally, NaaS Technology partnered with CATARC New Energy Vehicle Test Center to enhance charging infrastructure using digital and AI-driven solutions, while also extending China’s expertise to international markets. With these developments, China not only supports its domestic EV market but also sets a benchmark for sustainable and scalable EV infrastructure worldwide. China has been advancing 900 kW EV charging technologies, with key developments including the 2020 introduction of the ChaoJi charging standard and DESTEN’s 900 kW ultra-fast charging solution in 2021. In 2025, XPeng and Volkswagen expanded their collaboration to build a vast ultra-fast charging network, signaling continued infrastructure growth.  China’s battery swapping network is rapidly expanding, led by Nio with 2,432 stations by mid-2024 and plans for 4,000 by 2025, alongside other automakers like Geely and BAIC investing in similar infrastructure. CATL’s EVOGO system further strengthens the sector, targeting 10,000 stations by 2030, positioning China as a global leader in battery swapping.

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