China Electric Vehicle Market Top Key Players - BYD Company Limited, SAIC, BAIC Group, JAC, NIO, Geely

China Electric Vehicle Market is estimated at $ 49 billion in 2020. Only the Chinese electric vehicle battery market is estimated at $ 10.4 billion. See the report for more information on this. China EV Battery Market In 2020, SAICGM (China's second largest EV manufacturer) will announce 10 new models, including two BEVs. By 2025, SAICGM will invest $ 4.5 billion to launch more than nine new energy models. By 2025, BAIC BJ EV has developed three EV platforms, BE11, BE22 and BE22, to support more than 30 vehicles.

However, electric vehicles grew 10.9% year-on-year to 1.4 million units, showing increasing demand. Due to the influence of the corona, the subsidy was extended by 10% every year for two years. Subsidies are the driving force for higher-level sales in China.

Download For Sample@ https://bit.ly/3ky59jN

CHINA ELECTRIC VEHICLE MARKET DYNAMICS

• After spending $3 billion in subsidies in 2018, China raised its technological bar. For example, EVs purchased by commercial fleet users will only be subsidized if their total mileage exceeds 20,000 km per year. In addition, it is necessary to build a platform for monitoring the condition of vehicles for which cars are sold and connect them to the regulatory platform of the country where it was launched in 2016.

• The amount of EV, the start of EV was most affected. For example, WEY was setting a target of selling 100,000 EVs, but in the end sold only 17% of that.

CHINA ELECTRIC VEHICLE MARKET SEGMENTATION

BY OEM
• BYD
• SAIC
• BAIC
• VW Group
• GM
• Other OEMs

BY COMPONENTS
• Traction Motor
• Battery
• Power electronics (OBC, DC-DC, Converter, Inverter, Motor controller)

BY VEHICLE TYPE
• Passenger car
• Light commercial
• Bus

BY EV TYPE
• BEV
• PHEV
• HEV
• FCEV

COMPETITIVE LANDSCAPE

Chinese major SAIC has plans to start EV production in India and Thailand. As SAIC is currently well positioned to absorb the high cost and low margins of EVs, we believe it can promote EV penetration in both India and ASEAN regions. BYD (18% market share for EV passenger cars declined by 4% YOY to 219,000 units in 2019. It had 9% share of Electric bus market in China.
COMPANY PROFILES

ELECTRIC CAR MANUFACTURERS
• BYD Company Limited
• SAIC
• BAIC Group
• JAC
• NIO
• Geely

ELECTRIC BUS MANUFACTURERS
• CRRC Electric
• Zhengzhou Yutong Bus Co. Ltd.
• Haige Bus((Suzhou Jinlong)
• Jinlong Bus
• Higer Bus Company Limited
• Foton Ouhui
• Shenlong Bus
• BYD Company Limited
• Kaiwo Automobile (Nanjing Jinlong)
• Zhongtong Bus Holding Co. Ltd.
• Ankai Bus

Read More Information: https://mobilityforesights.com/product/china-electric-vehicle-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.