Shulou(Shulou.com)11/24 Report--

Supported by 17 charging companies in a row.

Author | Wang Lei, Cao Tingting

Musk is doing something unprecedented.

Seven months ago, Tesla announced the opening of electric vehicle charging connector design, and specially defined his own standard as the North American charging Standard (NACS). Everyone with discerning eyes knew that this was a trick.

I thought no one would be fooled, but recently, both mainframe factories and charging pile enterprises have begun to frantically merge into Tesla's charging network.

First, Ford and Tesla turned enemies into friends, followed by GM. Now the three major car brands in the United States have begun to unify charging standards, and many charging pile companies have also begun to adopt Tesla's NACS.

This completely overshadowed CCS, another charging standard promoted by the Biden administration at a cost of $7.5 billion.

Musk seems to have the ability to respond to the charging standard, and with the continuous expansion of the circle of friends, Tesla's share price is also rising. On June 12, Tesla rose 0.93%, with a total market capitalization of US $781.8 billion, up for 12 consecutive days, setting a record for the longest consecutive rise in history.

01. Join four Tesla's North American charging Standards (NACS) in a day and have the momentum to replace the current industry standard CCS.

Over the past half month, Ford and GM have turned against water one after another, saying that after 2025, their electric vehicles will be able to use about 12000 Tesla charging piles in the United States and Canada, a wave of operations that has completely split the charging pile industry.

Source: Tesla, as three giants that together account for 70% of U. S. car sales take the lead, some charging companies are starting to listen to the wind.

On June 12, ChargePoint Holdings Inc., which operates the largest network of electric vehicle (EV) charging stations in North America and Europe, announced that it was officially connected to Tesla's NACS standard charger.

On the same day, Blink Charging Co, which operates EV charging stations in the United States, also chose to join Tesla charging network, while Wallbox NV, a Spanish provider of intelligent EV charging and energy management services, said that they would also have chargers adapted to Tesla NACS.

Tritium DCFC Ltd., a hardware and software manufacturer of EV chargers based in Australia. It also said that it will provide NACS connector selection for its charger products.

This means that on the same day, four companies joined Tesla's charging network.

The companies said that because the CCS is no longer popular with carmakers, they will provide chargers adapted to Tesla's NACS.

Source: Tesla, more importantly, the capital market is also fond of this change. Shares of all four companies rose sharply in intraday trading on Monday. At one point, Blink Charging (BLNK) rose by more than 10% (WBX) by nearly 9% (DCFC) by nearly 5% and ChargePoint (CHPT) by nearly 4%.

Source: the shift between Ford and General Motors means that the battle for charging standards will last for a decade. " Arcady Sosinov, founder and CEO of US fast charging startup FreeWire Technologies, says NACS is a better experience. "We believe more device manufacturers will adopt it."

According to incomplete statistics, at least 17 fast charging companies have expressed support for Tesla's charging standards since Ford and GM issued their statements. Companies such as ABB, Autel Energy, EVPassport, Freewire and Wallbox have said they plan to add Tesla adapters to their chargers.

GM CEO Mary Barra said that providing customers with Tesla super charging pile service will accelerate the popularity of electric vehicles and "help push the industry towards a single North American charging standard".

Of course, GM chose to cooperate with Tesla in order to save a lot of money. Mary Barra calculated that it would save GM US $400 million in charging network construction costs after the new products were converted to Tesla's NACS standard in 2025.

Source: Tesla in the past, CCS has always been the preferred standard for US automakers. Now, in just half a month, Tesla's energy supplement system has made a qualitative leap, which means that Tesla's allies are beginning to challenge the direction adhered to by the Biden administration.

02. Fight against industry standards in February this year, the Biden government issued requirements for the network of electric vehicle charging facilities in the United States. According to the requirements, 55 per cent of the cost of charging facilities will come from US parts if they are to receive subsidies from the US government, and they will also use the US-promoted Joint charging system (Combined Charging System), which is the CCS charging standard.

In the most recent quarter, Tesla's all-electric vehicle sales in the United States accounted for about 60% of total sales, and the Biden government's move was clearly aimed directly at Tesla's charging standards.

This move was opposed by Tesla, and some foreign media reported that Tesla responded to the US Department of Transportation, saying that the plan was too radical and needed to take into account the speed and scale of deployment. This move is likely to lead to a shortage of available compliance charging stations.

Tesla began to use her own NACS (North American Charging Standard) charging standard in North America as early as 2012, and Tesla opened this charging standard to other manufacturers in 2022.

Source: what are the benefits of Tesla NACS standard? How can you compete with CCS?

In fact, many car companies do not like CCS for a long time, and it has also been questioned and complained by many car companies. The emergence of NACS standard has become a perfect substitute.

The Tesla charger can be said to be one of the fastest electric car chargers in the world, providing a range of up to 200 miles in 15 minutes.

Public data show that the NACS standard charging gun is only half the size of the CCS standard, but the charging speed is twice as fast as the latter. The operation is convenient, the charging speed is fast, and it is not blamed for the enterprises to throw themselves into their arms.

And NACS is a "pure electrical and mechanical interface", which is not limited by usage and communication protocols. In addition, the NACS standard charging gun integrates DC and AC charging methods, and the car only needs to design a charging port.

Source: Tesla, as GM said on Twitter, the cooperation with Tesla is for a better user experience, not competition among car companies.

To this end, the Biden administration also backed down, saying that as long as the Tesla charging station is compliant with CCS standards, it will receive billions of dollars in federal subsidies.

In other words, if Tesla wants to get a subsidy, he should be equipped with two kinds of charging guns on one charging post, so that both charging standards can be met at the same time.

A former Tesla employee said that this will increase the cost and complexity of the NACS charger in a short period of time, but the government still has to support the CCS standard.

With the current momentum, it seems that only the US government is sticking to CCS, but there are also people who doubt whether NACS can unify the standard.

Logvinov, president of CharIN North America, which promotes CCS, said that Tesla's NACS standard should still have a long way to go before defeating CCS standard. After all, CCS has been in the market for more than a decade.

Tesla earns Tesla's patent for open charging. It seems that he has lost money, but he actually earns money.

Installing and maintaining the charging network is a capital-intensive field, for which Tesla needs to pay a lot of costs to build thousands of charging stations, but these investments can be a witness to share expansion.

First of all, after unifying the charger standards, it will stimulate the development of the entire electric car market and increase the tram market share, which will also boost Tesla's sales, enhance Tesla's status, and really turn himself into a third-party service provider in the industry. This is also in line with Musk's vision of becoming an energy company.

Source: Tesla and this is also a win-win outcome. Other automakers can use Tesla's standard, which can not only maximize the utilization of the energy network, but also avoid investing a lot of construction costs.

In addition, Tesla's charging technology is used by established competitors, which means that the technology has been recognized by peers, which is of great significance for Tesla, which has long been regarded as a mortal enemy by traditional manufacturers.

Now we can finally let bygones be bygones and build electric cars happily together.

But then there is a sweet burden for Tesla. As more and more car companies join Tesla's charging network, the pressure on Tesla charging piles will double, and Tesla owners may spend more time waiting in line to recharge.

At present, Tesla has installed more than 19000 charging stations and opened more than 12000. The next step is to speed up the expansion of charging piles.

This article is from the official account of Wechat: Superelectricity Lab (ID:SuperEV-Lab), by Wang Lei and Cao Tingting.

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