Ding Rui, CEO of Zhichong: Car charging will flourish in 2018

On November 16, 2017, the "Energy Talk" summit, an industry event in the energy circle, was successfully held in Beijing. As the energy theme forum of the 8th Caixin Summit, "Energy Talk" has received keen attention from the energy industry. The summit was divided into the energy main field of "New Energy Strength, New Energy Power" in the morning and the new energy vehicle main field of "The Rise and Shock of New Energy Vehicles" in the afternoon. Experts and industry representatives from all parties discussed several issues of concern to the industry, such as energy Internet, power sales reform, the Belt and Road Initiative, multi-energy complementarity, green finance, and new energy vehicle energy industry chain, focusing on the theme of energy, expressing their own opinions and inspiring development.

Guests from left to right: Sun Muzi, Xu Zhengpeng, Ding Rui, Lin Lei, Xu An

Ding Rui, CEO of Zhichong Technology, was invited as a guest to participate in the roundtable discussion on electric vehicles. The other four guests participating in the discussion were: Yunshan Smart New Energy, Xu Zhengpeng, President of Jiabei, Lin Lei, Managing Director of UCAR Industry Fund, Xu An, Vice President of Spacetime Electric Vehicle Co., Ltd., and Sun Muzi, General Manager of Taibo Yingsi (Beijing) Information Consulting Co., Ltd.

All five guests have strong confidence in electric vehicles. During the conversation, the guests reviewed the development of electric vehicles in China from scratch in the past 10 years, and made predictions from the perspectives of market data, development, infrastructure and technological explosion. They believe that in the next one to two years, the entire electric vehicle industry will usher in exponential growth, driving the full outbreak of the upstream lithium battery and downstream charging industry chain.

Ding Rui, CEO of Zhichong Technology

The signs revealed by the charging market indicate that 2018 will be an important year for electric vehicles. Ding Rui said: "Simply put, the market demand for charging has increased, and the requirements for equipment consumption and charging operation services are getting higher and higher." In the past one or two years, electric vehicles have been widely used in vehicle operating companies such as logistics vehicles, taxis and buses. On the one hand, urban management provides convenience for the passage of electric vehicles. More importantly, the performance and operation attributes of electric vehicles also show great advantages over fuel vehicles. When operating companies calculate an economic account, electric vehicles are often the first choice. A large number of fixed energy-consuming vehicles have ushered in good market opportunities for charging operations. "We are a local operator in Shenzhen that uses the smart charging system. There are vehicles queuing up for charging at the charging station all day long, including logistics vehicles, taxis and buses. Starting this year, the operator has made a profit, which was not the case last year and in previous years," said Ding Rui.

However, the shortage of charging infrastructure still exists. A large number of public parking lots across the country are not equipped with charging equipment. The shortage of charging infrastructure is not enough to support the explosion of electric vehicles. From historical experience, electric vehicles will also repeat the market development trajectory of the Chinese automobile market over the past 30 years, that is, the popularization from operating vehicles to private passenger cars. At present, operating vehicles have begun to show a clear trend of electrification. After 30 years of development of China's automobiles, the road infrastructure has been relatively complete. The only thing that restricts its development is the charging network of automobiles. Obviously, large national charging operators and local charging operators have realized this and are stepping up their investment. "The duck knows first when the water in the river is warm in spring. As a provider of comprehensive charging solutions, we have already felt the warmth." Ding Rui said.

"The goal of Zhichong is to allow charging piles to be installed in every parking space like smart home appliances, so that every parking space has intelligent charging capabilities. In the future, it will be very simple for car owners to buy and use cars, and there will no longer be the 'charging anxiety' that belongs only to our time. We have seen that large-scale charging operators are "degenerating". A truly market-oriented model must be distributed and localized, allowing multiple parties to participate and profit, so that all parties involved can benefit. This is a market-oriented model. Zhichong hopes that through continuous publicity, everyone will truly realize that charging needs to be everywhere and is a standard of life. Instead of waiting for operators to build it." Finally, Ding Rui described Zhichong's vision in this way - to serve the charging operation business and make charging flourish everywhere.

Background Information

Beijing Zhichong Technology Co., Ltd. ("Zhichong") is a national high-tech enterprise that focuses on serving global charging operators and is a leading company in electric vehicle charging solutions. The company provides complete hardware and software services to charging operators and exports advanced standardized charging solutions to the charging market. The new charging service concept represented by Zhichong Technology, which combines "smart devices + cloud services", is quietly changing the new energy charging industry. After hard work and development, Zhichong has now become the most innovative and promising electric vehicle charging solution provider in China.

Zhichong Technology is strong and has received strategic investment from Pioneer Financial, GGV Capital, Samsung of South Korea, and Zhen Fund. The investors have outstanding competitive advantages in the field of electric vehicle charging and have helped the company grow rapidly. Adhering to the mission of promoting the development of electric vehicles, the Zhichong Technology team, with its rich experience and yearning for the future, promotes the development of the company with higher standards and is committed to providing better charging products for the new energy industry and more and more electric vehicle owners.