Pain Points

Pain Points of traditional shared charging network market

1. Slow Charging Speed

According to the 2022 International Consumer Protection and Enforcement Network (ICPEN) evaluation, shared power banks can charge a phone by 19% in 30 minutes and 39% in 60 minutes on average. In comparison, non-shared power banks have significantly higher charging efficiency, providing 33% charge in 30 minutes and 66% in 60 minutes. The slow charging speed not only affects user experience but also limits the practical value of shared power banks.

2. High Costs

According to a 2023 report by the International Consumer Protection Committee (ICP), traditional shared charging networks require significant investment in hardware and maintenance, including power bank devices, charging stations, and management systems. These high costs are eventually passed on to users, resulting in significantly increased rental fees. The report indicates that shared power bank rental fees are, on average, about 30% higher than those of non-shared power banks. This high-cost structure not only adds to users' financial burdens but also limits the widespread adoption of shared charging networks.

3. Difficulty in Returning Devices

The 2023 report by the International Consumer Alliance (ICA) highlights that traditional shared charging networks face issues of insufficient and uneven distribution of return points. Users often find it difficult to locate a return point after use, increasing the cost and resulting in a poor experience. The report points out that the lack of sufficient return points and their uneven distribution make it time-consuming and effort-intensive for users to return devices, reducing user satisfaction and hindering the further development and popularization of shared charging networks.

4. High Prices

According to the 2023 report by the International Consumer Protection Association (ICPA), traditional shared charging networks have issues with non-transparent pricing rules. Users often incur additional fees for overtime use, leading to perceptions of unfair pricing. The report notes that such non-transparent pricing rules increase users' costs and decrease their satisfaction and trust.

5. Unjustified Charges

The 2023 report by the International Consumer Protection Association (ICPA) also indicates that traditional shared charging networks have problems with unjustified charges. Users are frequently charged high fees for short-term rentals, with poor transparency and fairness in pricing.

6. Single Revenue Model

Existing shared charging networks primarily rely on rental fees for profit, which limits their ability to fully exploit the potential value of the devices. This limitation restricts network expansion and user participation.

7. Low Resource Utilization

Due to the inability to achieve intelligent management and dynamic allocation, traditional shared charging networks often face equipment shortages during peak times and idle equipment during off-peak times, resulting in low resource utilization.

8. Data Security Risks

Traditional shared charging network devices and systems are vulnerable to hacking, making it difficult to ensure the security of user data and transaction information. In the event of data breaches or tampering, users' privacy and asset security are severely threatened.

9. Lack of Sustainability

Traditional shared charging networks often neglect environmental and sustainability issues, failing to effectively utilize renewable energy. The production and recycling of devices also lack environmental considerations, increasing the environmental burden.