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Electric Vehicle Market in China 2024-2028

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    Report

  • 123 Pages
  • September 2024
  • Region: China
  • TechNavio
  • ID: 5880855
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Charging Stations Powered Through Renewable Energy is a Key Trend Gaining Market Momentum

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The electric vehicle market in china is forecasted to grow by USD 421.9 billion during 2023-2028, accelerating at a CAGR of 20.44% during the forecast period. The report on the electric vehicle market in china provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for fuel-efficient and low-emission vehicles, increasing government initiatives in manufacturing electric vehicles, and rise in technological advancements in electric vehicles.

The electric vehicle market in china is segmented as below:

By Type

  • Passenger vehicles
  • Commercial vehicles

By Technology

  • BEV
  • PHEV

By Geographical Landscape

  • APAC
This study identifies the increasing integration of renewable energy for electric vehicle (EV) charging as one of the prime reasons driving the electric vehicle market in china growth during the next few years. Also, increasing average miles driven by electric vehicles (EVS) on a single charge and growing number of mergers and acquisitions in market in focus will lead to sizable demand in the market.

The report on the electric vehicle market in china covers the following areas:

  • Electric vehicle market in china sizing
  • Electric vehicle market in china forecast
  • Electric vehicle market in china industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle market in china vendors that include AB Volvo, BAIC Group, Brilliance China Automotive Holdings Ltd., BYD Co. Ltd., Chery Automobile Co. Ltd., China FAW Group Co. Ltd., Chongqing Changan Automobile Co. Ltd., 140, Great Wall Motor Co. Ltd., Guangzhou Automobile Group Co. Ltd, Hyundai Motor Co., Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., Tesla Inc., Toyota Motor Corp., Xiamen King Long United Automotive Industry Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., Zhengzhou Yutong Group Co. Ltd., Zhongtong Bus, and Zotye Holding Group Co. Ltd. Also, the electric vehicle market in china analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Type
  • Executive Summary - Chart on Market Segmentation by Technology
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on China - Market size and forecast 2023-2028 ($ billion)
  • Data Table on China - Market size and forecast 2023-2028 ($ billion)
  • Chart on China: Year-over-year growth 2023-2028 (%)
  • Data Table on China: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Electric Vehicle Market in China 2018 - 2022
  • Historic Market Size - Data Table on Electric Vehicle Market in China 2018 - 2022 ($ billion)
4.2 Type segment analysis 2018 - 2022
  • Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Technology segment analysis 2018 - 2022
  • Historic Market Size - Technology Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
  • Chart on Type - Market share 2023-2028 (%)
  • Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
  • Chart on Comparison by Type
  • Data Table on Comparison by Type
6.3 Passenger vehicles - Market size and forecast 2023-2028
  • Chart on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
  • Chart on Passenger vehicles - Year-over-year growth 2023-2028 (%)
  • Data Table on Passenger vehicles - Year-over-year growth 2023-2028 (%)
6.4 Commercial vehicles - Market size and forecast 2023-2028
  • Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
  • Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
  • Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
  • Market opportunity by Type ($ billion)
  • Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Technology
7.1 Market segments
  • Chart on Technology - Market share 2023-2028 (%)
  • Data Table on Technology - Market share 2023-2028 (%)
7.2 Comparison by Technology
  • Chart on Comparison by Technology
  • Data Table on Comparison by Technology
7.3 BEV - Market size and forecast 2023-2028
  • Chart on BEV - Market size and forecast 2023-2028 ($ billion)
  • Data Table on BEV - Market size and forecast 2023-2028 ($ billion)
  • Chart on BEV - Year-over-year growth 2023-2028 (%)
  • Data Table on BEV - Year-over-year growth 2023-2028 (%)
7.4 PHEV - Market size and forecast 2023-2028
  • Chart on PHEV - Market size and forecast 2023-2028 ($ billion)
  • Data Table on PHEV - Market size and forecast 2023-2028 ($ billion)
  • Chart on PHEV - Year-over-year growth 2023-2028 (%)
  • Data Table on PHEV - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Technology
  • Market opportunity by Technology ($ billion)
  • Data Table on Market opportunity by Technology ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 AB Volvo
  • AB Volvo - Overview
  • AB Volvo - Business segments
  • AB Volvo - Key news
  • AB Volvo - Key offerings
  • AB Volvo - Segment focus
11.4 BAIC Group
  • BAIC Group - Overview
  • BAIC Group - Product / Service
  • BAIC Group - Key offerings
11.5 Brilliance China Automotive Holdings Ltd.
  • Brilliance China Automotive Holdings Ltd. - Overview
  • Brilliance China Automotive Holdings Ltd. - Product / Service
  • Brilliance China Automotive Holdings Ltd. - Key offerings
11.6 BYD Co. Ltd.
  • BYD Co. Ltd. - Overview
  • BYD Co. Ltd. - Business segments
  • BYD Co. Ltd. - Key news
  • BYD Co. Ltd. - Key offerings
  • BYD Co. Ltd. - Segment focus
11.7 Chery Automobile Co. Ltd.
  • Chery Automobile Co. Ltd. - Overview
  • Chery Automobile Co. Ltd. - Product / Service
  • Chery Automobile Co. Ltd. - Key offerings
11.8 China FAW Group Co. Ltd.
  • China FAW Group Co. Ltd. - Overview
  • China FAW Group Co. Ltd. - Product / Service
  • China FAW Group Co. Ltd. - Key offerings
11.9 Chongqing Changan Automobile Co. Ltd.
  • Chongqing Changan Automobile Co. Ltd. - Overview
  • Chongqing Changan Automobile Co. Ltd. - Product / Service
  • Chongqing Changan Automobile Co. Ltd. - Key offerings
11.10 Dongfeng Motor Group Co. Ltd.
  • Dongfeng Motor Group Co. Ltd. - Overview
  • Dongfeng Motor Group Co. Ltd. - Business segments
  • Dongfeng Motor Group Co. Ltd. - Key offerings
  • Dongfeng Motor Group Co. Ltd. - Segment focus
11.11 Great Wall Motor Co. Ltd.
  • Great Wall Motor Co. Ltd. - Overview
  • Great Wall Motor Co. Ltd. - Product / Service
  • Great Wall Motor Co. Ltd. - Key offerings
11.12 Guangzhou Automobile Group Co. Ltd
  • Guangzhou Automobile Group Co. Ltd - Overview
  • Guangzhou Automobile Group Co. Ltd - Product / Service
  • Guangzhou Automobile Group Co. Ltd - Key offerings
11.13 SAIC Motor Corp. Ltd.
  • SAIC Motor Corp. Ltd. - Overview
  • SAIC Motor Corp. Ltd. - Business segments
  • SAIC Motor Corp. Ltd. - Key offerings
  • SAIC Motor Corp. Ltd. - Segment focus
11.14 Zhejiang Geely Holding Group Co. Ltd.
  • Zhejiang Geely Holding Group Co. Ltd. - Overview
  • Zhejiang Geely Holding Group Co. Ltd. - Product / Service
  • Zhejiang Geely Holding Group Co. Ltd. - Key offerings
11.15 Zhengzhou Yutong Group Co. Ltd.
  • Zhengzhou Yutong Group Co. Ltd. - Overview
  • Zhengzhou Yutong Group Co. Ltd. - Product / Service
  • Zhengzhou Yutong Group Co. Ltd. - Key offerings
11.16 Zhongtong Bus Holding Co. Ltd.
  • Zhongtong Bus Holding Co. Ltd. - Overview
  • Zhongtong Bus Holding Co. Ltd. - Product / Service
  • Zhongtong Bus Holding Co. Ltd. - Key offerings
11.17 Zotye Holding Group Co. Ltd.
  • Zotye Holding Group Co. Ltd. - Overview
  • Zotye Holding Group Co. Ltd. - Product / Service
  • Zotye Holding Group Co. Ltd. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
12.9 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Chart on China: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on China: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Electric Vehicle Market in China 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Technology Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Type - Market share 2023-2028 (%)
Exhibits 28: Data Table on Type - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Type
Exhibits 30: Data Table on Comparison by Type
Exhibits 31: Chart on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on Passenger vehicles - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Passenger vehicles - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Type ($ billion)
Exhibits 40: Data Table on Market opportunity by Type ($ billion)
Exhibits 41: Chart on Technology - Market share 2023-2028 (%)
Exhibits 42: Data Table on Technology - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by Technology
Exhibits 44: Data Table on Comparison by Technology
Exhibits 45: Chart on BEV - Market size and forecast 2023-2028 ($ billion)
Exhibits 46: Data Table on BEV - Market size and forecast 2023-2028 ($ billion)
Exhibits 47: Chart on BEV - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on BEV - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on PHEV - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Data Table on PHEV - Market size and forecast 2023-2028 ($ billion)
Exhibits 51: Chart on PHEV - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on PHEV - Year-over-year growth 2023-2028 (%)
Exhibits 53: Market opportunity by Technology ($ billion)
Exhibits 54: Data Table on Market opportunity by Technology ($ billion)
Exhibits 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 56: Impact of drivers and challenges in 2023 and 2028
Exhibits 57: Overview on criticality of inputs and factors of differentiation
Exhibits 58: Overview on factors of disruption
Exhibits 59: Impact of key risks on business
Exhibits 60: Companies covered
Exhibits 61: Matrix on companies position and classification
Exhibits 62: AB Volvo - Overview
Exhibits 63: AB Volvo - Business segments
Exhibits 64: AB Volvo - Key news
Exhibits 65: AB Volvo - Key offerings
Exhibits 66: AB Volvo - Segment focus
Exhibits 67: BAIC Group - Overview
Exhibits 68: BAIC Group - Product / Service
Exhibits 69: BAIC Group - Key offerings
Exhibits 70: Brilliance China Automotive Holdings Ltd. - Overview
Exhibits 71: Brilliance China Automotive Holdings Ltd. - Product / Service
Exhibits 72: Brilliance China Automotive Holdings Ltd. - Key offerings
Exhibits 73: BYD Co. Ltd. - Overview
Exhibits 74: BYD Co. Ltd. - Business segments
Exhibits 75: BYD Co. Ltd. - Key news
Exhibits 76: BYD Co. Ltd. - Key offerings
Exhibits 77: BYD Co. Ltd. - Segment focus
Exhibits 78: Chery Automobile Co. Ltd. - Overview
Exhibits 79: Chery Automobile Co. Ltd. - Product / Service
Exhibits 80: Chery Automobile Co. Ltd. - Key offerings
Exhibits 81: China FAW Group Co. Ltd. - Overview
Exhibits 82: China FAW Group Co. Ltd. - Product / Service
Exhibits 83: China FAW Group Co. Ltd. - Key offerings
Exhibits 84: Chongqing Changan Automobile Co. Ltd. - Overview
Exhibits 85: Chongqing Changan Automobile Co. Ltd. - Product / Service
Exhibits 86: Chongqing Changan Automobile Co. Ltd. - Key offerings
Exhibits 87: Dongfeng Motor Group Co. Ltd. - Overview
Exhibits 88: Dongfeng Motor Group Co. Ltd. - Business segments
Exhibits 89: Dongfeng Motor Group Co. Ltd. - Key offerings
Exhibits 90: Dongfeng Motor Group Co. Ltd. - Segment focus
Exhibits 91: Great Wall Motor Co. Ltd. - Overview
Exhibits 92: Great Wall Motor Co. Ltd. - Product / Service
Exhibits 93: Great Wall Motor Co. Ltd. - Key offerings
Exhibits 94: Guangzhou Automobile Group Co. Ltd - Overview
Exhibits 95: Guangzhou Automobile Group Co. Ltd - Product / Service
Exhibits 96: Guangzhou Automobile Group Co. Ltd - Key offerings
Exhibits 97: SAIC Motor Corp. Ltd. - Overview
Exhibits 98: SAIC Motor Corp. Ltd. - Business segments
Exhibits 99: SAIC Motor Corp. Ltd. - Key offerings
Exhibits 100: SAIC Motor Corp. Ltd. - Segment focus
Exhibits 101: Zhejiang Geely Holding Group Co. Ltd. - Overview
Exhibits 102: Zhejiang Geely Holding Group Co. Ltd. - Product / Service
Exhibits 103: Zhejiang Geely Holding Group Co. Ltd. - Key offerings
Exhibits 104: Zhengzhou Yutong Group Co. Ltd. - Overview
Exhibits 105: Zhengzhou Yutong Group Co. Ltd. - Product / Service
Exhibits 106: Zhengzhou Yutong Group Co. Ltd. - Key offerings
Exhibits 107: Zhongtong Bus Holding Co. Ltd. - Overview
Exhibits 108: Zhongtong Bus Holding Co. Ltd. - Product / Service
Exhibits 109: Zhongtong Bus Holding Co. Ltd. - Key offerings
Exhibits 110: Zotye Holding Group Co. Ltd. - Overview
Exhibits 111: Zotye Holding Group Co. Ltd. - Product / Service
Exhibits 112: Zotye Holding Group Co. Ltd. - Key offerings
Exhibits 113: Inclusions checklist
Exhibits 114: Exclusions checklist
Exhibits 115: Currency conversion rates for US$
Exhibits 116: Research methodology
Exhibits 117: Information sources
Exhibits 118: Data validation
Exhibits 119: Validation techniques employed for market sizing
Exhibits 120: Data synthesis
Exhibits 121: 360 degree market analysis
Exhibits 122: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the electric vehicle market in China: AB Volvo, BAIC Group, Brilliance China Automotive Holdings Ltd., BYD Co. Ltd., Chery Automobile Co. Ltd., China FAW Group Co. Ltd., Chongqing Changan Automobile Co. Ltd., 140, Great Wall Motor Co. Ltd., Guangzhou Automobile Group Co. Ltd, Hyundai Motor Co., Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., Tesla Inc., Toyota Motor Corp., Xiamen King Long United Automotive Industry Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., Zhengzhou Yutong Group Co. Ltd., Zhongtong Bus, and Zotye Holding Group Co. Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing integration of renewable energy for electric vehicle (EV) charging."

According to the report, one of the major drivers for this market is the growing demand for fuel-efficient and low-emission vehicles.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AB Volvo
  • BAIC Group
  • Brilliance China Automotive Holdings Ltd.
  • BYD Co. Ltd.
  • Chery Automobile Co. Ltd.
  • China FAW Group Co. Ltd.
  • Chongqing Changan Automobile Co. Ltd.
  • 140
  • Great Wall Motor Co. Ltd.
  • Guangzhou Automobile Group Co. Ltd
  • Hyundai Motor Co.
  • Nissan Motor Co. Ltd.
  • SAIC Motor Corp. Ltd.
  • Tesla Inc.
  • Toyota Motor Corp.
  • Xiamen King Long United Automotive Industry Co. Ltd.
  • Zhejiang Geely Holding Group Co. Ltd.
  • Zhengzhou Yutong Group Co. Ltd.
  • Zhongtong Bus
  • Zotye Holding Group Co. Ltd.