China's charging pile industry is booming, but the road to profitability is still full of challenges

As of the end of July this year, the number of charging piles in China has reached 10.604 million, a year-on-year increase of 53%. Despite the rapid growth in the number of charging piles, the road to profitability in the charging pile industry is still full of challenges. For example, Teladian, as an industry leader, has been in a long-term loss-making state since its establishment in 2014. However, in 2023, Teladian successfully turned losses into profits, with a net profit of 408 million yuan to 517 million yuan, a year-on-year increase of 50.00% to 90.00%.