Commercial EV Charger Manufacturers

Under the pressure of climate crisis and environmental protection, the Vietnamese government is vigorously supporting the new energy vehicle (NEV) industry, but the lagging charging infrastructure has become a core bottleneck. Data shows that Vietnam's electric vehicle sales will reach 90,000 in 2024, a surge of 2.5 times from 2023. It is expected that the number of electric vehicles in Vietnam will exceed 1 million in 2030 and may reach 3.5 million in 2040. However, the International Energy Agency (IEA) warns that Vietnam needs to build 100,000 to 350,000 charging stations (about 10:1 vehicle-charging pile ratio) in the next 15 years to support this growth.

Fast Charging Technology & Battery Impact: A Brief Overview



Fast charging technology enables rapid energy replenishment for electric vehicle batteries by increasing charging current or voltage, significantly reducing downtime. However, this convenience comes with challenges. Lithium-ion batteries rely on the shuttle of lithium ions between electrodes during charging/discharging. Fast charging forces ions to rush back to the anode’s graphite layer, but limited surface area can cause congestion, leading some ions to deposit as metallic lithium on the anode—a process called lithium plating. This phenomenon risks battery degradation, highlighting the need for careful balancing between charging speed and long-term battery health.

Finished oil sales companies are facing the challenge of rapidly increasing market penetration of new energy vehicles, with the proportion of new energy vehicles soaring from 5.8% in 2020 to 47% in 2024. At the same time, the number of charging piles has also increased significantly, resulting in fierce competition in the charging market, rising land costs, and declining subsidies. New entrants are facing cost pressure. In order to meet the challenges, finished oil sales companies need to optimize the construction of charging stations from three aspects: layout design, facility selection, and construction technology to achieve low-cost development. In terms of layout, land utilization should be improved, cable and facility layout should be optimized, and investment should be reduced; in terms of facility selection, transformers, charging piles, and charging guns should be reasonably configured to avoid overload risks and reduce capacity expansion costs. Overall, finished oil sales companies should follow the investment principles of rigor, precision, and efficiency to alleviate the cost pressure of charging network construction and operation.