Sinopec
Compare Sinopec…China Petroleum & Chemical Corporation engages in oil and gas exploration, refining, and chemical operations, and is deploying EV charging infrastructure across China.
SectorsCharging
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SinopecChina Petroleum & Chemical Corporation engages in oil and gas exploration, refining, and chemical operations, and is deploying EV charging infrastructure across China.
| Date / Milestone | Scale / Partner | Detail |
|---|---|---|
| 2000. Sinopec Corp listed | Parent | China Petroleum & Chemical Corporation lists in Hong Kong + New York; world's largest fuel-retail network at IPO with ~30K stations |
| 2020. EV charging rollout begins | Initial pilot | Begins large-scale installation of EV chargers at existing fuel stations; targets the 30K-station network as the conversion-base |
| 2021-04. Aulton battery-swap partnership | Aulton + Sinopec framework | Strategic agreement to deploy Aulton-platform battery swap stations across Sinopec's 30K-fuel-station network; first OEM-charging-partner mega-deal |
| 2022. First supercharging stations | 480 kW+ stations | Initial supercharging-tier deployment; designed to charge 24 EVs simultaneously per station; positions Sinopec as Tesla-Supercharger competitor in scale |
| 2024-09. NIO charging + swap partnership | 279 facilities co-built | Sinopec + NIO jointly build 119 swap stations + 160 charging stations across 29 provincial regions; NIO users get unified Sinopec network access |
| 2024-10. Li Auto 5C ultra-fast cooperation | 5C strategic pact | Sinopec + Li Auto sign strategic agreement on joint 5C ultra-fast charging buildout + platform integration; covers Li Auto's i6 + i8 BEV launch trajectory |
| 2024. 8,600+ EV charging stations | 8,600+ stations | Network reaches 8,600+ EV charging stations nationwide; broad deployment across 30K-fuel-station Easy Joy locations |
| 2025-04. CATL battery-swap mega-deal | 500+ swap stations 2025; 10K long-term | Sinopec + CATL pledge 500+ swap stations in 2025 + 10,000-station long-term goal across passenger + HD truck segments; the largest single battery-swap deployment commitment globally |
| 2025. 10,000+ ultra-fast charging stations | 10,000+ stations | Operates 10,000+ ultra-fast charging stations within the 30K integrated-energy-station network; 5C charging terminals up to 520 kW peak; serves ~200M daily Easy Joy retail customers |
| Multi-partner platform architecture | Differentiated breadth | Sinopec + CATL (swap), Sinopec + NIO (charging + swap), Sinopec + Li Auto (5C), Sinopec + Aulton (swap), Sinopec + Huawei Digital Power (hardware), Sinopec + Sino Group (HK) |
| Editorial. Why Sinopec's network conversion matters | Strategic context | Sinopec's 30K-station fuel-retail network is the only global asset that gives an oil major a structurally-superior conversion path to EV charging. Most US/EU oil majors have ~5K to 15K stations and weaker EV-station-economics. Sinopec's combination of scale + customer density (200M daily Easy Joy customers) + multi-partner-OEM coverage makes the integrated-energy-hub program the largest gas-to-EV conversion in progress globally |
$600028.SS
China's largest oil refiner converting its massive gas station network into dual-fuel and EV charging hubs. Partnered to deploy 10,000+ EV charging stations at existing Sinopec fuel locations across the country. Leveraging its unmatched 30,000+ gas station footprint to become a dominant charging operator as China's EV adoption accelerates.
Key Milestones
Sinopec signs MoU with NIO to deploy 5,000 charging and battery-swap stations by 2025 across China's 30,000+ Sinopec gas stations; oil major's first commitment to using its retail real estate for non-petroleum vehicles
Sinopec announces 5,000 EV charging and battery-swap stations target by 2025 across 30,000 Sinopec gas stations; first Chinese oil-major commitment to converting an existing retail-fuel network into multi-energy hubs
First Sinopec-NIO co-branded battery-swap station opens in Beijing under 2021 MoU; pilot for 100-station rollout that will eventually reach 119 sites
Strategic deal with CATL to host 5,000 EVOGO swap stations at Sinopec retail sites by 2026; bilateral expansion of NIO partnership now extending to brand-agnostic CATL Choco-SEB units
Crosses 6,000 charging stations and 700 swap stations across China; #1 oil-major charging operator globally by sites - converts 20% of Sinopec's gas-station footprint to multi-energy
Expanded NIO partnership: 279 Sinopec-NIO sites total (119 swap + 160 charging) across 29 provinces; NIO + ONVO drivers gain access to all Sinopec charging via NIO app
Reaches 10,000+ EV charging sites at Sinopec gas stations; nationwide highway corridor coverage with NIO + CATL + own-branded swap-and-charge mix
