New Energy Vehicle Market in China 2022-2026

New Energy Vehicle Market in China 2022-2026

Technavio has been monitoring the new energy vehicle market in China and it is poised to grow by $ 370.23 bn during 2022-2026, accelerating at a CAGR of 38.24% during the forecast period. Our report on the new energy 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 of the current country market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a growing focus on the development of NEV charging infrastructure, government regulations promoting NEVs, and fiscal subsidies increasing electric bus adoption in the country.

The new energy vehicle market in China analysis includes propulsion and vehicle type segments.

Technavio's new energy vehicle market in China is segmented as below:

By Propulsion

• Pure EV
• PHEV
• FCV

By Vehicle Type

• Passenger NEV
• Commercial NEV

This study identifies the application of ultra-capacitors in EV energy storage systems as one of the prime reasons driving the new energy vehicle market in China's growth during the next few years. Also, the emergence of wireless charging and the availability of new modes of mobility will lead to sizable demand in the market.

Technavio 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. Our report on the new energy vehicle market in china covers the following areas:

• New energy vehicle market sizing
• New energy vehicle market forecast
• New energy vehicle market industry analysis

Technavio's 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 new energy vehicle market in China vendors that include BYD Co. Ltd., Chery Automobile Co. Ltd., China FAW Group Co. Ltd., Chongqing Changan Automobile Co. Ltd., Dongfeng Motor Corp., Great Wall Motor Co. Ltd., Guangzhou Automobile Group Co. Ltd., Hezhong New Energy Automobile Co. Ltd., Jiangsu Kaiwo Automobile Co. Ltd., Li Auto Inc., NIO Ltd., SAIC Motor Corp. Ltd., Tesla Inc., Wuling Motors Holding Ltd., Xiaopeng Inc., Yutong Bus Co. Ltd., Zhejiang Geely Holding Group, Zhejiang Leapao Technology Co. Ltd., Zhongtong Bus Holding Co. Ltd., and Beijing Automotive Group Co. Ltd. Also, the new energy 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.

Technavio 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 research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.