
Charging 20 kWh in just one minute! Huawei is set to ignite a supercharging revolution, transforming charging stations into “gas stations.” On April 22, Huawei will unveil its latest supercharging pile products at the “2025 Huawei Smart Electric & Smart Charging Network Strategy and New Product Launch Conference.” During the event, Huawei will introduce a groundbreaking megawatt supercharger. According to prior announcements, this megawatt-level charging product boasts a maximum charging current of 2400 amperes and a maximum power of 1.5 megawatts. It can provide 20 kWh of charge per minute, enabling a full charge for an electric heavy-duty truck (approximately 300 kWh battery capacity) in just 15 minutes.
This product addresses safety concerns related to charging while also tackling the issues of low-cost heat dissipation. Huawei has revealed that over 30 models of 4C supercharging collaborative heavy-duty trucks will be launched this year. This development is a significant advantage for electric heavy-duty trucks, as the megawatt supercharger effectively resolves the slow charging issue, offering clear benefits. Traditional charging technologies often require several hours to fully charge heavy-duty trucks, while Huawei’s megawatt supercharger can rejuvenate them in just 15 minutes. This reduction in charging wait times greatly enhances logistics efficiency.
As the new energy vehicle market rapidly expands, breakthroughs in charging technology have become a focal point of the industry. This year, vehicle manufacturers have engaged in a competitive race to advance charging technology, with megawatt supercharging bringing charging times down to the “minute level,” closely resembling the experience of refueling gas vehicles. This marks a new era in electric vehicle charging efficiency.
On March 17, BYD officially launched its “Megawatt Flash Charging” technology during a presentation of its Super e-platform, featuring the world’s first mass-produced passenger vehicle with a 1000V high-voltage architecture and a 10C high-rate battery, achieving a breakthrough in charging power of 1 megawatt. On March 30, at the China Electric Vehicle Hundred People Forum, Zhao Yuhui, Vice President of Zeekr Technology Group, announced the upcoming release of the world’s first 1.2 megawatt fully liquid-cooled charging pile, along with a megawatt extreme charging station equipped with ten 1.2 megawatt liquid-cooled charging piles. This charging station is expected to be officially showcased at the Shanghai Auto Show in April.
Industry experts believe that the technological innovations and market strategies of companies like BYD, Huawei, and Zeekr provide new solutions for rapid charging of electric vehicles. As technology matures and the market expands, megawatt fast charging technology is anticipated to become the mainstream method for electric vehicle charging, further propelling the development of the new energy vehicle industry. The year 2025 may well be recognized as the “Year of Megawatt Supercharging” in the new energy vehicle sector, with rapid expansion expected in the coming years.
In the electric vehicle industry, particularly in the heavy commercial vehicle sector, megawatt supercharging technology has become a crucial driver for the electrification of long-distance transportation. According to market analysis data, the global megawatt supercharging market size is projected to reach approximately $64.06 million in 2024, with expectations to soar to $1.5 billion by 2030, reflecting an impressive annual compound growth rate of 80.91%.
From the A-share market perspective, various listed companies have established business collaborations with Huawei regarding supercharging piles. Igor’s high-frequency transformer products have already been supplied to Huawei, primarily for charging piles. Jingquanhua provides magnetic component products to Huawei’s supercharging projects. Yonggui Electric’s high-power liquid-cooled DC charging guns have entered the supply chain of BYD and Huawei. Baoxin Technology has partnered with Huawei to launch liquid-cooled fast charging station demonstration projects in Nanjing and Shanghai. Aerospace Electric supplies liquid cooling and power connectors, while Yinkeri is a supplier for liquid-cooled charging modules. Lihexing acts as an OEM for Huawei supercharging products.
According to statistics from Securities Times Data Treasure, among over 50 charging pile concept stocks in the A-share market, nearly 40 companies have released performance data for 2024 (including annual reports, preliminary reports, and forecasts). Based on the upper limits of forecasts, around 20 stocks are expected to see year-on-year performance improvements, with two stocks projected to double their earnings. Zhongheng Electric anticipates a net profit attributable to shareholders of ¥100 million to ¥125 million for 2024, representing a year-on-year increase of 154.05% to 217.57%. This company is recognized as one of the earliest in China to engage in the research and production of new energy vehicle charging piles and is a leading manufacturer in the sector. Kelik has released its annual report, projecting a net profit attributable to shareholders of ¥230 million for 2024, up 102.02% year-on-year. The report indicates that the company’s newly developed 60kW liquid-cooled module magnets have gained customer approval. Both Teruid and Guodian Nanzi expect performance increases exceeding 50%.
Teruid estimates a net profit attributable to shareholders of ¥835 million to ¥933 million for 2024, representing an increase of 70% to 90%. By the end of 2024, the company is expected to operate over 700,000 public charging terminals.
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