Electric Vehicle Market in China 2024-2028

Electric Vehicle Market In China 2024-2028


The electric vehicle market in china is forecasted to grow by USD 421.9 bn 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.

Technavio's 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
The robust vendor analysis 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 publisher 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.


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
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Type
Exhibits5: Executive Summary - Chart on Market Segmentation by Technology
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits14: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Chart on China: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on China: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Electric Vehicle Market in China 2018 - 2022 ($ billion)
Exhibits18: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Technology Segment 2018 - 2022 ($ billion)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Type - Market share 2023-2028 (%)
Exhibits28: Data Table on Type - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Type
Exhibits30: Data Table on Comparison by Type
Exhibits31: Chart on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibits32: Data Table on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibits33: Chart on Passenger vehicles - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Passenger vehicles - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibits37: Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by Type ($ billion)
Exhibits40: Data Table on Market opportunity by Type ($ billion)
Exhibits41: Chart on Technology - Market share 2023-2028 (%)
Exhibits42: Data Table on Technology - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by Technology
Exhibits44: Data Table on Comparison by Technology
Exhibits45: Chart on BEV - Market size and forecast 2023-2028 ($ billion)
Exhibits46: Data Table on BEV - Market size and forecast 2023-2028 ($ billion)
Exhibits47: Chart on BEV - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on BEV - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on PHEV - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Data Table on PHEV - Market size and forecast 2023-2028 ($ billion)
Exhibits51: Chart on PHEV - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on PHEV - Year-over-year growth 2023-2028 (%)
Exhibits53: Market opportunity by Technology ($ billion)
Exhibits54: Data Table on Market opportunity by Technology ($ billion)
Exhibits55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits56: Impact of drivers and challenges in 2023 and 2028
Exhibits57: Overview on criticality of inputs and factors of differentiation
Exhibits58: Overview on factors of disruption
Exhibits59: Impact of key risks on business
Exhibits60: Companies covered
Exhibits61: Matrix on companies position and classification
Exhibits62: AB Volvo - Overview
Exhibits63: AB Volvo - Business segments
Exhibits64: AB Volvo - Key news
Exhibits65: AB Volvo - Key offerings
Exhibits66: AB Volvo - Segment focus
Exhibits67: BAIC Group - Overview
Exhibits68: BAIC Group - Product / Service
Exhibits69: BAIC Group - Key offerings
Exhibits70: Brilliance China Automotive Holdings Ltd. - Overview
Exhibits71: Brilliance China Automotive Holdings Ltd. - Product / Service
Exhibits72: Brilliance China Automotive Holdings Ltd. - Key offerings
Exhibits73: BYD Co. Ltd. - Overview
Exhibits74: BYD Co. Ltd. - Business segments
Exhibits75: BYD Co. Ltd. - Key news
Exhibits76: BYD Co. Ltd. - Key offerings
Exhibits77: BYD Co. Ltd. - Segment focus
Exhibits78: Chery Automobile Co. Ltd. - Overview
Exhibits79: Chery Automobile Co. Ltd. - Product / Service
Exhibits80: Chery Automobile Co. Ltd. - Key offerings
Exhibits81: China FAW Group Co. Ltd. - Overview
Exhibits82: China FAW Group Co. Ltd. - Product / Service
Exhibits83: China FAW Group Co. Ltd. - Key offerings
Exhibits84: Chongqing Changan Automobile Co. Ltd. - Overview
Exhibits85: Chongqing Changan Automobile Co. Ltd. - Product / Service
Exhibits86: Chongqing Changan Automobile Co. Ltd. - Key offerings
Exhibits87: Dongfeng Motor Group Co. Ltd. - Overview
Exhibits88: Dongfeng Motor Group Co. Ltd. - Business segments
Exhibits89: Dongfeng Motor Group Co. Ltd. - Key offerings
Exhibits90: Dongfeng Motor Group Co. Ltd. - Segment focus
Exhibits91: Great Wall Motor Co. Ltd. - Overview
Exhibits92: Great Wall Motor Co. Ltd. - Product / Service
Exhibits93: Great Wall Motor Co. Ltd. - Key offerings
Exhibits94: Guangzhou Automobile Group Co. Ltd - Overview
Exhibits95: Guangzhou Automobile Group Co. Ltd - Product / Service
Exhibits96: Guangzhou Automobile Group Co. Ltd - Key offerings
Exhibits97: SAIC Motor Corp. Ltd. - Overview
Exhibits98: SAIC Motor Corp. Ltd. - Business segments
Exhibits99: SAIC Motor Corp. Ltd. - Key offerings
Exhibits100: SAIC Motor Corp. Ltd. - Segment focus
Exhibits101: Zhejiang Geely Holding Group Co. Ltd. - Overview
Exhibits102: Zhejiang Geely Holding Group Co. Ltd. - Product / Service
Exhibits103: Zhejiang Geely Holding Group Co. Ltd. - Key offerings
Exhibits104: Zhengzhou Yutong Group Co. Ltd. - Overview
Exhibits105: Zhengzhou Yutong Group Co. Ltd. - Product / Service
Exhibits106: Zhengzhou Yutong Group Co. Ltd. - Key offerings
Exhibits107: Zhongtong Bus Holding Co. Ltd. - Overview
Exhibits108: Zhongtong Bus Holding Co. Ltd. - Product / Service
Exhibits109: Zhongtong Bus Holding Co. Ltd. - Key offerings
Exhibits110: Zotye Holding Group Co. Ltd. - Overview
Exhibits111: Zotye Holding Group Co. Ltd. - Product / Service
Exhibits112: Zotye Holding Group Co. Ltd. - Key offerings
Exhibits113: Inclusions checklist
Exhibits114: Exclusions checklist
Exhibits115: Currency conversion rates for US$
Exhibits116: Research methodology
Exhibits117: Information sources
Exhibits118: Data validation
Exhibits119: Validation techniques employed for market sizing
Exhibits120: Data synthesis
Exhibits121: 360 degree market analysis
Exhibits122: List of abbreviations

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