China Battery Electric Vehicle Market Share 2019: Trends, Key Players, Industry Analysis, and Report 2019-2025

China battery-electric Vehicle (BEV) market is projected to grow at a CAGR of more than 18.0% during the forecast period (2019-2025). Government support and incentives are some of the major factors for the growth of the BEV market in the country. China is one of the largest reserves of lithium due to which it aims to reduce dependence on fossil fuels. In February 2021, lithium carbonate prices in China have increased by over 40% owing to heavy demand for lithium iron phosphate (LFP) batteries. China is a major lithium producer which is 13% of the global production of contained lithium.

(Get 15% Discount on Buying this Report)

A full report of China Battery Electric Vehicle Market is available at: https://www.omrglobal.com/industry-reports/china-battery-electric-vehicle-bev-market

Apart from this, the sale of electric vehicles is also increasing. According to EV-volumes, in 2019, China has sold around 1.2 million electric cars which is more than half of the electric car market globally. According to China Electric Vehicle Charging Infrastructure Promotion Alliance, as of 2019, China has manufactured more than 516 thousand public EV charging outlets which is an increase of 56% from the end of last year.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/china-battery-electric-vehicle-bev-market

In January 2021, China’s Ministry of Finance has cut out the subsidy for electric vehicles by 20%. The subsidies for the buyer in China are depending on the vehicle range that is how far it can travel with a full charge. In 2020, the subsidy amount was around $2,800 and in 2021 it is reduced to $2,228. Subsidies on the battery electric vehicle purchases have helped China to have the largest market for EVs across the globe, accounting for roughly 50% of global sales.

Market Coverage

• Market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- By Vehicle Type and By Battery Type
• Region Covered- China
• Competitive Landscape- BYD Auto Co., Ltd., SAIC Motor Corp. Ltd., BAIC Group, Chery Automobile Co., Ltd., Dongfeng Motor Corp., Great Wall Motors Co. Ltd., Hyundai Motor Co., Jaguar Land Rover Ltd., Nissan Motor Co., Toyota Motor Corp., Renault Group, Tesla, Inc. and so on.

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

China Battery Electric Vehicle Market Report Segment

By Vehicle Type

• Passenger Cars
• Commercial Vehicle
• Others

By Battery Type

• Li-Ion
• Others

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/china-battery-electric-vehicle-bev-market

Company Profiles

• Audi AG
• BAIC Group
• BMW AG
• BYD Auto Co., Ltd.
• Chery Automobile Co., Ltd.,
• Dongfeng Motor Corp.
• Ford Motor Co.
• General Motors Co.
• Great Wall Motors Co. Ltd.
• Honda Motor Co., Ltd.
• Hyundai Motor Co.
• Jaguar Land Rover Ltd.
• Kia Motors Corp.
• Nissan Motor Co.
• Renault Group
• SAIC Motor Corp. Ltd.
• Tesla, Inc.
• Toyota Motor Corp.
• Volkswagen AG

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com

This release was published on openPR.