Huawei s Cross-industry Partnerships Will Strengthen Electric Vehicle Industry Integration
This study discusses the automotive industry in China, with a focus on passenger vehicles, including sedans, sports utility vehicles, multi-purpose vehicles, and crossover vehicles. The study also assesses the country’s electric vehicle (EV), charging, and battery swapping infrastructure.
In recent years, the strongest growth factors in the Chinese automotive industry have been the rise of domestic OEM brands and the long-term continuous improvement of and consumer willingness to accept EVs.
Economic conditions, especially GDP growth, significantly affect the Chinese automotive industry, but with the government’s encouragement (issuing consumer vouchers and holding large-scale automotive shows, for example), sales have improved. However, economic recovery has not yet fully resumed, causing relative uncertainty.
In this study, the publisher provides the total size of the Chinese automotive industry and historical and forecast data from 2018 to 2024. It also offers the following information:
- Highlights of the Chinese automotive industry in 2023 and future trends in 2024.
- Analysis by segment, including the vehicle and powertrain subsegments.
- Analysis of the rise of Chinese domestic brands
