For the domestic charging pile industry, March 21, 2020 is a memorable day.
On this day, Zheng Jian, deputy director of the Foundation Department of the National Development and Reform Commission, said that we should accelerate the high-quality development of new infrastructure, including 5G, artificial intelligence, industrial Internet and the Internet of Things. In the future, we will promote the construction of more intelligent transportation, smart grid, smart city and other projects as a whole, and build an infrastructure system that meets the development needs of smart economy and smart society.
Unlike traditional infrastructure ", new infrastructure refers to infrastructure construction based on science and technology, including seven major industrial directions: 5G base station construction, new energy vehicle charging pile, big data center, artificial intelligence, industrial internet, ultra-high voltage, intercity and urban rail transit.
Industry insiders pointed out that as one of the seven major industrial directions of new infrastructure, the charging pile industry will usher in new opportunities under the policy.
Recently, the concept of new infrastructure has been mentioned many times.
On March 4, 2020, the Standing Committee of the Political Bureau of the CPC Central Committee held a meeting to study the key work of preventing and controlling the current COVID-19 and stabilizing economic and social operations. The meeting stressed that we should combine the resumption of work and production with the expansion of domestic demand and accelerate the construction of new infrastructure such as 5G network and data center.
On March 20, 2020, the Ministry of Industry and Information Technology issued a notice on accelerating the development of industrial Internet. The notice contains 20 measures in 6 aspects, among which, accelerating the construction of new infrastructure is the top priority.
The new infrastructure tuyere has come, and the market pattern of the charging pile industry standing on the tuyere may have quietly changed.
Who will benefit?
With the help of the new infrastructure construction, many state-owned operators, private power equipment manufacturers and complete vehicle enterprises in the field of charging piles have become "popular" in the capital market.
On March 9, 2020, the pioneer of charging pile construction, Wanma shares, opened at 9.8 yuan. As of 10:15 on the same day, the shares rose 10.01% to 11.1 yuan, closing the limit.
The policy increase and the sharp rise of share price have made the confidence of Wanma shares burst.
Some insiders predict that China will need to build 200 million charging piles in the next few years. In response, Wanma responded that our small goal is to account for more than 10 million of the 200 million charging piles when they are completed.
On March 18, 2020, Trude, which has been deeply involved in the field of charging piles for many years, opened at 20.55 yuan. As of 10:25 on the same day, the stock rose 9.99% to 22.14 yuan, closing the limit.
As a leading enterprise in the field of charging piles, the number of charging piles invested and put into operation by Trude is in the leading position in the industry. According to the data of the China Electric Charging Infrastructure Promotion Alliance, in 2019, the number of charging piles owned by Telegraph, a subsidiary of Telegraph, reached 148083, ranking first.
The share price of Guodian Nanrui, a listed company under the State Grid Corporation of China, also rebounded. On March 23, 2020, Guodian Nanrui rebounded rapidly in the intraday, with an increase of more than 2% in five minutes. As of 9:35 on the same day, it was at 19.69 yuan, with a transaction of 35.1842 million yuan.
BYD, which is about to release its "Blade Battery" on March 29, 2020, rose in the middle of the session on March 26, with an intraday surge of more than 5%. As of the closing date, the stock was at 54.27 yuan, up 3.87%, with a transaction value of 1.59 billion yuan.
It can be seen that the new infrastructure has brought the wind to the charging pile enterprises that have just experienced the cold winter of the car market. However, some insiders also worry that the influx of capital under the wind will bring the charging pile industry back to the era of "horse racing and enclosure".
It is not difficult to find out the problems existing in the development of charging piles. Under the wave of early charging pile construction, problems such as unreasonable layout of charging facilities caused by "horse racing and enclosure" emerge one after another.
2014 is a special year for China's new energy vehicle industry. In 2014, the sales of new energy vehicles in China increased significantly from 17642 in 2013 to 74763.
It is also from 2014 that the State Grid opened the electric vehicle charging pile market to private capital. Within three years, the charging pile industry has flooded with a large number of various players, and the number of charging piles has soared.
According to the statistics of the National Energy Administration, by the end of 2017, there were 450000 charging piles of all kinds in China, including 240000 private charging piles and 210000 public charging piles, with the number of charging piles ranking the first in the world, 14 times that of 2014.
However, as the scale of the new energy vehicle market continues to expand, the problem of insufficient structural supply of charging infrastructure has become increasingly prominent, and the overall scale of charging piles is still significantly lagging behind. On the one hand, the charging pile does not match the scale of the development of new energy vehicles in the same period; On the other hand, the layout of charging facilities is unreasonable, the utilization rate of charging piles is low, and enterprises lack a sustainable and reproducible business development model.
Back to the era of "horse racing and enclosure"?
Yu Qingjiao, secretary-general of the Zhongguancun New Battery Technology Innovation Alliance and chairman of the Battery 100 People's Association, said in an interview with the reporter of the New Energy Automobile News that the return of the charging pile industry is expected to lead to a new round of "horse racing and enclosure", but compared with the investment boom after the State Grid opened the electric vehicle charging pile market to civil capital in 2014, this round of investment will be more rational and prudent.
In 2014, after private capital was allowed to enter the field of new energy vehicle charging infrastructure operation. A group of top players began to invest heavily, and the industry began to develop at a high speed. Today's leading enterprise of charging pile is the private enterprise that just entered the industry that year.
In July 2014, Trude announced its entry into the electric vehicle charging business and set up a subsidiary company, Trude. In 2018, Telnet continued to maintain its leading position in terms of market share and charging capacity. By the end of 2018, its total charging capacity was about 1.69 billion kilowatt-hours, and the compound growth rate of charging capacity in 2016-2018 exceeded 200%.
However, the company invested a huge amount of money in the early stage of technology research and development and the construction of heavy assets, and the poor profitability also attracted market attention. In 2016, the company lost 300 million yuan; The loss in 2017 was 200 million yuan; In the first half of 2018, it lost 30 million yuan.
The charging pile enterprises have been faced with such factors as low operating efficiency, large scale of initial investment, unclear profit model and long return period.
Yu Qingjiao said that most of the new market participants in the charging pile industry are large enterprises with financial strength and resource platforms, such as Ningde Times and China Gas, which have just announced their investment in the field of charging piles