Alternative-Fuel Car & Automobile Manufacturing in China - Industry Market Research Report

Alternative-Fuel Car & Automobile Manufacturing in China - Industry Market Research Report

Alternative-Fuel Car & Automobile Manufacturing in China

The Alternative-Fuel Car & Automobile Manufacturing industry in China has developed strongly in the past five years due to government favorable policies that have resulted in improving vehicle performances, increasing numbers of charging facilities, and changing attitudes toward environmental protection. Industry revenue is expected to increase at a CAGR of 39.1% over the past five years through 2023, to total $304.8 billion. This includes growth of 16.7% in the current year. Industry profit is relatively high, averaging 9.8% of industry revenue in 2023, lower than 10.6% in 2022, mainly due to intensified market competition.

Companies in the Alternative-Fuel Car and Automobile Manufacturing industry in China mainly produce battery-powered electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell vehicles (FCVs) for passenger and commercial use.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.