Global Battery Electric Vehicle (BEV) Market: Analysis By Mode (Cars, Buses, Trucks, and Vans), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028

Global Battery Electric Vehicle (BEV) Market: Analysis By Mode (Cars, Buses, Trucks, and Vans), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028


The global Battery Electric Vehicle (BEV) market in 2022 stood at US$209.71 billion and is likely to reach US$ 525.65 billion by 2028. A Battery Electric Vehicle (BEV) is a type of electric vehicle that uses chemical energy stored in rechargeable battery packs for propulsion. Unlike traditional vehicles powered by internal combustion engines, BEVs produce no tailpipe emissions, offer a quieter and smoother driving experience, and have lower operating and maintenance costs due to fewer moving parts.

The rising popularity of Battery Electric Vehicles (BEVs) over recent years can be attributed to various factors. Among these, increased environmental consciousness has played a significant role. As the awareness about global warming and air pollution continues to grow, many consumers are turning to cleaner alternatives, with BEVs emerging as a sustainable transportation option. Additionally, governments worldwide have implemented policy incentives like tax credits and subsidies to encourage the adoption of BEVs, making them a more affordable choice. Finally, advancements in battery technology have significantly improved the performance of BEVs. Enhanced battery capacity means a longer range per charge, thereby overcoming one of the major obstacles to BEV adoption. Similarly, reductions in charging time have made BEVs more convenient for users, further driving their adoption. The global Battery Electric Vehicle (BEV) market is projected to grow at a CAGR of 18.6% during the forecast period of 2023-2028.

Market Segmentation Analysis:

By Mode: The report has segmented the global Battery Electric Vehicle (BEV) market into four segments namely, cars, buses, vans, and trucks. In 2022, the Car segment dominated the market, driven by rising popularity among consumers due to increased awareness about the environmental benefits, enhanced battery life, and improved charging infrastructure. Governmental incentives and subsidies have made BEVs more affordable, leading to their increased adoption. Technological advancements have led to significant improvements in battery efficiency and lifespan, thus offering longer driving ranges and reduced charging times. An array of available models from compact to luxury, offered by major automakers, provides consumers with greater choice and flexibility.

Furthermore, the ongoing expansion of the charging infrastructure has made BEVs more practical for everyday use, contributing to their increasing market dominance. Further, the Bus segment, during the forecasted period of 2023-2028, is expected to be the fastest-growing segment, owing to increased governmental support, stricter emission regulations, technological advancements making BEVs more cost-effective, and public transportation agencies' desire to reduce carbon footprints.

By Region: According to this report, the global Battery Electric Vehicle (BEV) market by sales volume can be divided into four major regions: Asia Pacific (China, South Korea, Japan, India, and Rest of Asia Pacific), Europe (Germany, UK, France, Norway, and Rest of Europe), North America (The US, Canada, and Mexico), and Rest of the World. In 2022, Asia Pacific dominates the global Battery Electric Vehicle (BEV) market due to its proactive governmental policies, heightened environmental consciousness, rapidly urbanizing cities, and burgeoning e-commerce sector. Particularly, China's extensive support for BEVs, significant investments in charging infrastructure, and the aggressive stance of local automakers have cemented its leading position. The drop in battery costs, rendering BEVs more affordable, further fuels consumer demand across the region. Upcoming years also anticipate rapid growth for India's EV market, propelled by robust government policies promoting e-mobility and an emerging consumer market valuing sustainability and cost-effectiveness.

The North America Battery Electric Vehicle (BEV) market is expected to grow at the fastest CAGR from 2023 to 2028, driven by rising environmental consciousness, favorable government policies, declining EV costs due to battery technology advancements, and the presence of industry pioneers like Tesla. Additionally, increased investment in charging infrastructure, the rise of shared mobility services, and the need for efficient transportation solutions in a rapidly urbanizing and expanding e-commerce environment further fuel this growth. Particularly, the US, with its vast consumer market, supportive government initiatives, developed charging network, and high consumer awareness, leads this growth trajectory.

Global Battery Electric Vehicle (BEV) Market Dynamics:

Growth Drivers: The global Battery Electric Vehicle (BEV) market's growth is significantly influenced by governmental policies and incentives. Recognizing environmental and energy benefits, countries have provided subsidies, tax incentives, and infrastructure development, making BEVs financially attractive. These measures, like carpool lane access and toll waivers, coupled with regulatory strategies like stricter emission standards and forthcoming bans on internal combustion engines, have reshaped the automotive landscape. Key regions like Europe, the US, China, and Japan have proposed or implemented transformative policies. For example, The US aims for 50% BEV or PHEV sales by 2030, with enhanced subsidy structures. Therefore, governmental strategies are rapidly advancing a sustainable, BEV-driven future. Further, the market is expected to grow owing to falling battery costs, rising fuel prices, diverse BEV models and adoption by corporate fleets, rising environmental concerns, improvements in Life Cycle Analysis (LCA), etc. in recent years.

Challenges: Battery Electric Vehicles (BEVs) have demonstrated great potential as sustainable transport options. However, an impending challenge is managing end-of-life batteries. Current methods for recycling and disposal of these batteries, primarily lithium-ion, are insufficient. Improper disposal may lead to environmental pollution and loss of valuable materials. Concurrently, recycling methods are typically energy-consuming and expensive. As the BEV market expands, the volume of spent batteries is projected to increase substantially, magnifying these issues. Consequently, the challenge of battery disposal and recycling poses a significant obstacle to continued BEV market growth. Additionally, other factors like raw material constraints, etc. are other challenges to the market.

Market Trends: The global Battery Electric Vehicles (BEVs) market is anticipated to experience significant expansion in the coming years, driven by increasing public awareness and shifting perceptions towards BEVs. As understanding of environmental sustainability deepens, and the negative implications of traditional fuel vehicles become widely recognized, a transition towards more environmentally-friendly modes of transportation such as BEVs is expected to accelerate. Public perceptions, shaped by factors like environmental impacts, economic concerns, and the practicality of BEVs, are key to driving their adoption. Therefore, educational initiatives highlighting the benefits of BEVs, along with supportive government policies and media representations, can greatly amplify market growth. More trends in the market are believed to grow the BEV market during the forecasted period, which may include advancements in Artificial Intelligence (AI) and Machine Learning (ML), autonomous driving technology, the emergence of next generation of battery technology, adoption of wireless charging technology, infrastructure development, integration of renewable energy sources and Vehicle-to-Grid (V2G), shared mobility and ride-hailing services, etc.

Impact Analysis of COVID-19 and Way Forward:

The COVID-19 pandemic has triggered a global shift towards public health and environmental sustainability, driving demand for eco-friendly transportation, such as Battery Electric Vehicles (BEVs). Government incentives, alongside the decreased need for long-distance commutes due to remote work, have made BEVs an attractive choice for consumers. These factors collectively have been instrumental in the expansion of the global BEV market. The post-COVID impact on the BEV market is set to further galvanize its growth trajectory. Heightened environmental awareness, spurred by the pandemic, will continue to drive consumer demand for cleaner and sustainable alternatives. Moreover, governments across the globe are strategizing green recovery plans, prioritizing investments in low-carbon technologies, including BEVs. Supply chains, impacted by the pandemic, are expected to become more localized, providing opportunities for domestic BEV manufacturers. A concurrent push for renewable energy, coupled with a shift in consumer preferences towards sustainability, further underscores the potential for accelerated growth of the BEV market in the post-COVID era.

Competitive Landscape and Recent Developments:

The global BEV market is competitive and varied landscape with key players like Tesla, BYD, BMW Group, and Daimler AG. A mix of consolidation in regions like China, and fragmentation in others like Europe, exhibits the dynamic nature of the market. The sector is further energized by strategic alliances such as the joint venture by seven automakers - BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV - aiming to install at least 30,000 high-powered charging points across North America, thus bolstering the BEV infrastructure and market growth.

Further, key players in the Battery Electric Vehicle (BEV) market are:

General Motors Company
Mercedes-Benz Group AG
Volvo Group
Renault Group
Tesla Inc.
Nissan Motor Co., Ltd.
Bayerische Motoren Werke AG (BMW Group)
Volkswagen Group
Stellantis N.V.
Ford Motor Company
Hyundai Motor Company
NIO Inc.
BYD Company Limited
Rivian Automotive, Inc.
Zhejiang Geely Holding Group Co., Ltd. (Volvo Cars)

In 2022, the top 5 companies in the sector evidently play a commanding role, having captured approximately 47% of the global market. Major manufacturers such as Stellantis, Volkswagen, and Toyota continually innovate and launch new products to meet the burgeoning demand for BEVs. For instance, Stellantis plans to offer a significant number of new BEV products in the US and Europe, Volkswagen leads the market with its in-demand electric SUV offering, and Toyota is set to roll out next-generation BEVs globally. As evidenced by OEM EV ambitions, companies across the board are setting significant targets to increase their BEV offerings, revealing an industry-wide shift towards electrification. This transition is fueled by a growing variety of BEV models and increasing adoption by corporate fleets, which not only drives demand but also raises public awareness of BEVs. Popular models like Tesla's Model Y and Model 3, Aion's Aion S and Aion Y, and BYD's Yuan and Dolphin exemplify the expanding and diverse range of BEVs available to consumers, thus boosting market growth.

Global Battery Electric Vehicle (BEV) Market: Analysis By Mode (Cars, Buses, Trucks, and Vans), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028 - Report Summary
Report Metrics Details
Years Considered 2018-2028
Base Year 2022
Forecast Period 2023-2028
Page Count 161
Units Referenced US $
Segments/Key Topics By Mode
Regions Covered Asia Pacific (China, South Korea, Japan, India, and Rest of Asia Pacific), Europe (Germany, UK, France, Norway, and Rest of Europe), North America (The US, Canada, and Mexico), and Rest of the World
Key Companies Mentioned General Motors Company, Mercedes-Benz Group AG, Volvo Group, Renault Group, Tesla Inc., Nissan Motor Co., Ltd., Bayerische Motoren Werke AG (BMW Group), Volkswagen Group, Stellantis N.V., Ford Motor Company, Hyundai Motor Company, NIO Inc., BYD Company Limited, Rivian Automotive, Inc., and Zhejiang Geely Holding Group Co., Ltd. (Volvo Cars)

Five FAQs about the Report

What is the size of this market?
The global Battery Electric Vehicle (BEV) market in 2022 was valued at US$ 209.71 billion.

What is the forecasted growth for this market?
The Battery Electric Vehicle (BEV) market is projected to reach US$525.65 billion by 2028. The global Battery Electric Vehicle (BEV) market is determined to grow at a CAGR of 18.56% over the forecasted period of 2023-2028.

What are key factors driving this market?
Over recent years, the popularity of Battery Electric Vehicles (BEVs) has surged due to heightened environmental consciousness and policy incentives promoting clean energy. The advancements in battery technology enhancing the range and reducing charging time have also contributed to their increased adoption. The global BEV market is further expected to see significant growth, propelled by increased BEV adoption and advanced battery technologies. Factors like enhanced environmental awareness, a more diverse range of BEV models, and lower battery costs are expected to drive increased BEV usage.

How is this market segmented in this report?
The Battery Electric Vehicle (BEV) market can be segmented on the basis of mode (Cars, Buses, Vans, and Trucks).

What is the definition of this market in this report?
A Battery Electric Vehicle (BEV) is a type of electric vehicle that uses chemical energy stored in rechargeable battery packs for propulsion. Unlike traditional vehicles powered by internal combustion engines, BEVs produce no tailpipe emissions, offer a quieter and smoother driving experience, and have lower operating and maintenance costs due to fewer moving parts.

What are the major influences driving the growth/decline of this market?
The significant reduction in lithium-ion battery costs over the past five years has accelerated the global Battery Electric Vehicle (BEV) market growth, making these vehicles increasingly cost-competitive and appealing to a broader consumer base. Further, the market is expected to grow owing to rising fuel prices, government policies and incentives, diverse BEV models and adoption by corporate fleets, rising environmental concerns, improvements in Life Cycle Analysis (LCA), etc. in recent years, yet the market faces some challenges such as raw material constraints, harmful recycling and disposal of batteries, etc.


1. Executive Summary
2. Introduction
2.1 Battery Electric Vehicle (BEV): An Overview
2.1.1 Definition of Battery Electric Vehicle (BEV)
2.1.2 Advantages of Adoption of BEVs
Table 1: Advantages of Adoption of BEVs
2.2 Battery Electric Vehicle (BEV) Segmentation: An Overview
2.2.1 Battery Electric Vehicle (BEV) Segmentation
Table 2: Battery Electric Vehicle (BEV) Segmentation
3. Global Market Analysis
3.1 Global BEV Market: An Analysis
3.1.1 Global BEV Market: An Overview
3.1.2 Global BEV Market by Value
Table 3: Global BEV Market by Value; 2018-2022 (US$ Billion)
Table 4: Global BEV Market by Value; 2023-2028 (US$ Billion)
3.2 Global BEV Market Sales Volume: An Analysis
3.2.1 Global BEV Market Sales Volume: An Overview
3.2.2 Global BEV Market Sales by Volume
Table 5: Global BEV Market Sales by Volume; 2018-2022 (Million)
Table 6: Global BEV Market Sales by Volume; 2023-2028 (Million)
3.2.3 Global BEV Market Sales Volume by Mode (Cars, Buses, Vans, and Trucks)
Table 7: Global BEV Market Sales Volume by Mode; 2022 (Percentage, %)
3.2.4 Global BEV Market Sales Volume by Region (Asia Pacific, Europe, North America, and Rest of the World)
Table 8: Global BEV Market Sales Volume by Region; 2022 (Percentage, %)
3.3 Global BEV Market Sales Volume: Mode Analysis
3.3.1 Global BEV Market Sales Volume by Mode: An Overview
3.3.2 Global Cars BEV Market Sales by Volume
Table 9: Global Cars BEV Market Sales by Volume, 2018-2022 (Million)
Table 10: Global Cars BEV Market Sales by Volume, 2023-2028 (Million)
3.3.3 Global Buses BEV Market Sales by Volume
Table 11: Global Buses BEV Market Sales by Volume, 2018-2022 (Thousand)
Table 12: Global Buses BEV Market Sales by Volume, 2023-2028 (Thousand)
3.3.4 Global Vans BEV Market Sales by Volume
Table 13: Global Vans BEV Market Sales by Volume, 2018-2022 (Thousand)
Table 14: Global Vans BEV Market Sales by Volume, 2023-2028 (Thousand)
3.3.5 Global Trucks BEV Market Sales by Volume
Table 15: Global Trucks BEV Market Sales by Volume, 2018-2022 (Thousand)
Table 16: Global Trucks BEV Market Sales by Volume, 2023-2028 (Thousand)
4. Regional Market Analysis
4.1 Asia Pacific BEV Market Sales Volume: An Analysis
4.1.1 Asia Pacific BEV Market Sales Volume: An Overview
4.1.2 Asia Pacific BEV Market Sales by Volume
Table 17: Asia Pacific BEV Market Sales by Volume; 2018-2022 (Million)
Table 18: Asia Pacific BEV Market Sales by Volume; 2023-2028 (Million)
4.1.3 Asia Pacific Cars, Buses, Vans, and Trucks BEV Market Sales by Volume
Table 19: Asia Pacific Cars, Buses, Vans, and Trucks BEV Market Sales by Volume; 2023-2028 (Million)
4.1.4 Asia Pacific BEV Market Sales Volume by Region (China, South Korea, Japan, India, and Rest of Asia Pacific)
Table 20: Asia Pacific BEV Market Sales Volume by Region; 2022 (Percentage, %)
4.1.5 China BEV Market Sales by Volume
Table 21: China BEV Market Sales by Volume; 2018-2022 (Million)
Table 22: China BEV Market Sales by Volume; 2023-2028 (Million)
4.1.6 South Korea BEV Market Sales by Volume
Table 23: South Korea BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 24: South Korea BEV Market Sales by Volume; 2023-2028 (Thousand)
4.1.7 Japan BEV Market Sales by Volume
Table 25: Japan BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 26: Japan BEV Market Sales by Volume; 2023-2028 (Thousand)
4.1.8 India BEV Market Sales by Volume
Table 27: India BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 28: India BEV Market Sales by Volume; 2023-2028 (Thousand)
4.1.9 Rest of Asia Pacific BEV Market Sales by Volume
Table 29: Rest of Asia Pacific BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 30: Rest of Asia Pacific BEV Market Sales by Volume; 2023-2028 (Thousand)
4.2 Europe BEV Market Sales Volume: An Analysis
4.2.1 Europe BEV Market Sales Volume: An Overview
4.2.2 Europe BEV Market Sales by Volume
Table 31: Europe BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 32: Europe BEV Market Sales by Volume; 2023-2028 (Million)
4.2.3 Europe Cars, Vans, Buses, and Trucks BEV Market Sales by Volume
Table 33: Europe Cars, Buses, Vans, and Trucks BEV Market Sales by Volume; 2023-2028 (Thousand)
4.2.4 Europe BEV Market Sales Volume by Region (Germany, UK, France, Norway, and Rest of Europe)
Table 34: Europe BEV Market Sales Volume by Region; 2022 (Percentage, %)
4.2.5 Germany BEV Market Sales by Volume
Table 35: Germany BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 36: Germany BEV Market Sales by Volume; 2023-2028 (Million)
4.2.6 UK BEV Market Sales by Volume
Table 37: UK BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 38: UK BEV Market Sales by Volume; 2023-2028 (Thousand)
4.2.7 France BEV Market Sales by Volume
Table 39: France BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 40: France BEV Market Sales by Volume; 2023-2028 (Thousand)
4.2.8 Norway BEV Market Sales by Volume
Table 41: Norway BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 42: Norway BEV Market Sales by Volume; 2023-2028 (Thousand)
4.2.9 Rest of Europe BEV Market Sales by Volume
Table 43: Rest of Europe BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 44: Rest of Europe BEV Market Sales by Volume; 2023-2028 (Million)
4.3 North America BEV Market Sales Volume: An Analysis
4.3.1 North America BEV Market Sales Volume: An Overview
4.3.2 North America BEV Market Sales by Volume
Table 45: North America BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 46: North America BEV Market Sales by Volume; 2023-2028 (Million)
4.3.3 North America BEV Market Sales Volume by Region (The US, Canada, and Mexico)
Table 47: North America BEV Market Sales Volume by Region; 2022 (Percentage, %)
4.3.4 The US BEV Market Sales by Volume
Table 48: The US BEV Market Sales by Volume, 2018-2022 (Thousand)
Table 49: The US BEV Market Sales by Volume, 2023-2028 (Million)
4.3.5 Canada BEV Market Sales by Volume
Table 50: Canada BEV Market Sales by Volume, 2018-2022 (Thousand)
Table 51: Canada BEV Market Sales by Volume, 2023-2028 (Thousand)
4.3.6 Mexico BEV Market Sales by Volume
Table 52: Mexico BEV Market Sales by Volume, 2018-2022 (Thousand)
Table 53: Mexico BEV Market Sales by Volume, 2023-2028 (Thousand)
4.4 Rest of the World BEV Market Sales Volume: An Analysis
4.4.1 Rest of the World BEV Market Sales Volume: An Overview
4.4.2 Rest of the World BEV Market Sales by Volume
Table 54: Rest of the World BEV Market Sales by Volume; 2018-2022 (Thousand)
Table 55: Rest of the World BEV Market Sales by Volume; 2023-2028 (Million)
5. Impact of COVID-19
5.1 Impact of COVID-19 on Global BEV Market
5.2 Post-COVID-19 Impact on Global BEV Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Falling Battery Costs
Table 56: Global Volume Weighted Average Lithium-ion Batteries Price; 2017-2022 (US$/ kWh)
6.1.2 Rising Fuel Prices
Table 57: The US Regular Conventional Retail Gasoline & No 2 Diesel Retail Prices; 2017-2023 (US$ per Gallon)
6.1.3 Government Policies and Incentives
Table 58: Government Incentives for BEVs across Key Markets
6.1.4 Diverse BEV Models and Adoption by Corporate Fleets
Table 59: OEM EV ambitions: BEV Target and Year
6.1.5 Rising Environmental Concerns
6.1.6 Improvements in Life Cycle Analysis (LCA)
6.2 Challenges
6.2.1 Raw Material Constraints
6.2.2 Harmful Recycling and Disposal of Batteries
6.3 Market Trends
6.3.1 Increasing BEV Penetration
Table 60: Global BEV Penetration Rates; 2023-2035 (Percentage, %)
6.3.2 Advancements in Artificial Intelligence (AI) and Machine Learning (ML)
Table 61: Global Artificial Intelligence (AI) Market; 2021-2030 (US$ Billion)
6.3.3 Autonomous Driving Technology
Table 62: Global ADAS, and Autonomous Driving Market Revenue; 2022-2035 (US$ Billion)
6.3.4 Emergence of Next Generation of Battery Technology
Table 63: Current and Upcoming Battery Technologies
6.3.5 Adoption of Wireless Charging Technology
6.3.6 Infrastructure Development
Table 64: Global Number of Public Charging Stations (Fast & Slow); 2020-2028, 2030 & 2035 (Million)
6.3.7 Integration of Renewable Energy Sources and Vehicle-to-Grid (V2G)
6.3.8 Shared Mobility and Ride-Hailing Services
6.3.9 Popularization of Mini-cars
7. Competitive Landscape
7.1 Global Battery Electric Vehicle (BEV) Market: Competitive Landscape
7.2 Global Battery Electric Vehicle (BEV) Players by Market Share
Table 65: Global Battery Electric Vehicle (BEV) Players by Market Share; 2022 (Percentage, %)
7.3 Mainland China Battery Electric Vehicle (BEV) Players by Market Share
Table 66: Mainland China Battery Electric Vehicle (BEV) Players by Market Share; 2022 (Percentage, %)
7.4 Europe Battery Electric Vehicle (BEV) Players by Market Share
Table 67: Europe Battery Electric Vehicle (BEV) Players by Market Share; 2022 (Percentage, %)
7.5 North America Battery Electric Vehicle (BEV) Players by Market Share
Table 68: North America Battery Electric Vehicle (BEV) Players by Market Share; 2022 (Percentage, %)
7.6 Global Battery Electric Vehicle (BEV) Market Players: Product Offerings
Table 69: Global Battery Electric Vehicle (BEV) Market Players by Product Offerings
7.7 Mainland China Battery Electric Vehicle (BEV) Market Players: Product Offerings
Table 70: Mainland China Battery Electric Vehicle (BEV) Market Players by Product Offerings
7.8 Europe Battery Electric Vehicle (BEV) Market Players: Product Offerings
Table 71: Europe Battery Electric Vehicle (BEV) Market Players by Product Offerings
7.9 North America Battery Electric Vehicle (BEV) Market Players: Product Offerings
Table 72: North America Battery Electric Vehicle (BEV) Market Players by Product Offerings
8. Company Profiles
8.1 General Motors Company
8.1.1 Business Overview
8.1.2 Operating Segments
Table 73: General Motors Company Net Sales And Revenue by Segments; 2022 (Percentage, %)
8.2.3 Business Strategy
8.2 Mercedes-Benz Group AG
8.2.1 Business Overview
8.2.2 Operating Segments
Table 74: Mercedes-Benz Group AG Revenue by Segments; 2022 (Percentage, %)
8.2.3 Business Strategy
8.3 Volvo Group
8.3.1 Business Overview
8.3.2 Operating Segments
Table 75: Volvo Group Net Sales by Segment; 2022 (Percentage, %)
8.3.3 Business Strategy
8.4 Renault Group
8.4.1 Business Overview
8.4.2 Operating Segments
Table 76: Renault Group Sales by Segment; 2022 (Percentage, %)
8.4.3 Business Strategy
8.5 Tesla Inc.
8.5.1 Business Overview
8.5.2 Operating Segment
Table 77: Tesla Inc. Revenues by Segment; 2022 (Percentage, %)
8.5.3 Business Strategy
8.6 Nissan Motor Co., Ltd.
8.6.1 Business Overview
8.6.2 Operating Segment
Table 78: Nissan Motor Co., Ltd. Net Sales by Segment; 2022 (Percentage, %)
8.6.3 Business Strategy
8.7 Bayerische Motoren Werke AG (BMW Group)
8.7.1 Business Overview
8.7.2 Operating Segment
Table 79: BMW Group Revenue by Segment; 2022 (Percentage, %)
8.7.3 Business Strategy
8.8 Volkswagen Group
8.8.1 Business Overview
8.8.2 Operating Segment
Table 80: Volkswagen Group Sale Revenue by Segment; 2022 (Percentage, %)
8.8.3 Business Strategy
8.9 Stellantis N.V.
8.9.1 Business Overview
8.9.2 Operating Segment
Table 81: Stellantis N.V. Net Revenue by Segment; 2022 (Percentage, %)
8.9.3 Business Strategy
8.10 Ford Motor Company
8.10.1 Business Overview
8.10.2 Operating Segments
Table 82: Ford Motor Company Revenues by Segments; 2022 (Percentage, %)
8.10.3 Business Strategy
8.11 Hyundai Motor Company
8.11.1 Business Overview
8.11.2 Operating Segments
Table 83: Hyundai Motor Company Net Sales by Segment, 2022 (Percentage, %)
8.11.3 Business Strategy
8.12 NIO Inc.
8.12.1 Business Overview
8.12.2 Business Strategy
8.13 BYD Company Limited
8.13.1 Business Overview
8.13.2 Business Strategy
8.14 Rivian Automotive, Inc.
8.14.1 Business Overview
8.15 Zhejiang Geely Holding Group Co., Ltd. (Volvo Cars)
8.15.1 Business Overview
8.15.2 Business Strategy

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