NEW YORK, Nov. 2, 2022 /PRNewswire/ — The new energy vehicle market in China has been categorized as a part of the global automotive market under the global automobiles and components industry. The parent market, the global automotive market, covers companies engaged in the production of vehicles such as passenger cars, commercial vehicles, and all-terrain vehicles. The growth of this market will be driven by factors such as idealizing concepts and inclusion of advanced features in vehicles, increasing the number of mergers and acquisitions (M&A) and joint ventures (JVs), integrating 3D printing to speed up automobile production, increasing demand for electric vehicles, growing investment in autonomous vehicles, and growing popularity of hybrid automobiles.
The new energy vehicle market size in China is expected to grow by USD 370.23 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 38.24% during the forecast period, according to Technavio.
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New Energy Vehicle Market in China 2022-2026: Scope
The new energy vehicle market in China report covers the following areas:
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 during the next few years. However, FCVs have been removed from the NEV benefits, which might hamper the market growth.
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New Energy Vehicle Market in China 2022-2026: Vendor Analysis
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. are among some of the major market participants.
This report provides a full list of key vendors, their strategies, and latest developments. Request a FREE PDF Sample Now
New Energy Vehicle Market in China 2022-2026: Segmentation
- Propulsion
- Pure EV
- PHEV
- FCV
- Vehicle type
- Passenger NEV
- Commercial NEV
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy Now for detailed segment information
New Energy Vehicle Market in China 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist new energy vehicle market growth in China during the next five years
- Estimation of the new energy vehicle market size in China and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the new energy vehicle market in China
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of new energy vehicle market vendors in China
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New Energy Vehicle Market Scope in China |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 38.24% |
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Market growth 2022-2026 |
USD 370.23 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
28.85 |
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Regional analysis |
China |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
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. |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Propulsion
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 11: Chart on China – Market size and forecast 2021-2026 ($ billion)
- Exhibit 12: Data Table on China – Market size and forecast 2021-2026 ($ billion)
- Exhibit 13: Chart on China: Year-over-year growth 2021-2026 (%)
- Exhibit 14: Data Table on China: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 15: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 21: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Propulsion
- 5.1 Market segments
- Exhibit 22: Chart on Propulsion – Market share 2021-2026 (%)
- Exhibit 23: Data Table on Propulsion – Market share 2021-2026 (%)
- 5.2 Comparison by Propulsion
- Exhibit 24: Chart on Comparison by Propulsion
- Exhibit 25: Data Table on Comparison by Propulsion
- 5.3 Pure EV – Market size and forecast 2021-2026
- Exhibit 26: Chart on Pure EV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 27: Data Table on Pure EV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 28: Chart on Pure EV – Year-over-year growth 2021-2026 (%)
- Exhibit 29: Data Table on Pure EV – Year-over-year growth 2021-2026 (%)
- 5.4 PHEV – Market size and forecast 2021-2026
- Exhibit 30: Chart on PHEV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 31: Data Table on PHEV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 32: Chart on PHEV – Year-over-year growth 2021-2026 (%)
- Exhibit 33: Data Table on PHEV – Year-over-year growth 2021-2026 (%)
- 5.5 FCV – Market size and forecast 2021-2026
- Exhibit 34: Chart on FCV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 35: Data Table on FCV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 36: Chart on FCV – Year-over-year growth 2021-2026 (%)
- Exhibit 37: Data Table on FCV – Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Propulsion
- Exhibit 38: Market opportunity by Propulsion ($ billion)
6 Market Segmentation by Vehicle Type
- 6.1 Market segments
- Exhibit 39: Chart on Vehicle Type – Market share 2021-2026 (%)
- Exhibit 40: Data Table on Vehicle Type – Market share 2021-2026 (%)
- 6.2 Comparison by Vehicle Type
- Exhibit 41: Chart on Comparison by Vehicle Type
- Exhibit 42: Data Table on Comparison by Vehicle Type
- 6.3 Passenger NEV – Market size and forecast 2021-2026
- Exhibit 43: Chart on Passenger NEV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Data Table on Passenger NEV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 45: Chart on Passenger NEV – Year-over-year growth 2021-2026 (%)
- Exhibit 46: Data Table on Passenger NEV – Year-over-year growth 2021-2026 (%)
- 6.4 Commercial NEV – Market size and forecast 2021-2026
- Exhibit 47: Chart on Commercial NEV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Data Table on Commercial NEV – Market size and forecast 2021-2026 ($ billion)
- Exhibit 49: Chart on Commercial NEV – Year-over-year growth 2021-2026 (%)
- Exhibit 50: Data Table on Commercial NEV – Year-over-year growth 2021-2026 (%)
- 6.5 Market opportunity by Vehicle Type
- Exhibit 51: Market opportunity by Vehicle Type ($ billion)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 53: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 54: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 55: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 56: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 57: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 58: Matrix on vendor position and classification
- 10.3 Beijing Automotive Group Co. Ltd.
- Exhibit 59: Beijing Automotive Group Co. Ltd. – Overview
- Exhibit 60: Beijing Automotive Group Co. Ltd. – Product / Service
- Exhibit 61: Beijing Automotive Group Co. Ltd. – Key offerings
- 10.4 BYD Co. Ltd.
- Exhibit 62: BYD Co. Ltd. – Overview
- Exhibit 63: BYD Co. Ltd. – Business segments
- Exhibit 64: BYD Co. Ltd. – Key news
- Exhibit 65: BYD Co. Ltd. – Key offerings
- Exhibit 66: BYD Co. Ltd. – Segment focus
- 10.5 Chery Automobile Co. Ltd.
- Exhibit 67: Chery Automobile Co. Ltd. – Overview
- Exhibit 68: Chery Automobile Co. Ltd. – Product / Service
- Exhibit 69: Chery Automobile Co. Ltd. – Key offerings
- 10.6 Chongqing Changan Automobile Co. Ltd.
- Exhibit 70: Chongqing Changan Automobile Co. Ltd. – Overview
- Exhibit 71: Chongqing Changan Automobile Co. Ltd. – Product / Service
- Exhibit 72: Chongqing Changan Automobile Co. Ltd. – Key news
- Exhibit 73: Chongqing Changan Automobile Co. Ltd. – Key offerings
- 10.7 Dongfeng Motor Corp.
- Exhibit 74: Dongfeng Motor Corp. – Overview
- Exhibit 75: Dongfeng Motor Corp. – Product / Service
- Exhibit 76: Dongfeng Motor Corp. – Key offerings
- 10.8 Guangzhou Automobile Group Co. Ltd.
- Exhibit 77: Guangzhou Automobile Group Co. Ltd. – Overview
- Exhibit 78: Guangzhou Automobile Group Co. Ltd. – Product / Service
- Exhibit 79: Guangzhou Automobile Group Co. Ltd. – Key offerings
- 10.9 SAIC Motor Corp. Ltd.
- Exhibit 80: SAIC Motor Corp. Ltd. – Overview
- Exhibit 81: SAIC Motor Corp. Ltd. – Business segments
- Exhibit 82: SAIC Motor Corp. Ltd. – Key news
- Exhibit 83: SAIC Motor Corp. Ltd. – Key offerings
- Exhibit 84: SAIC Motor Corp. Ltd. – Segment focus
- 10.10 Yutong Bus Co.Ltd.
- Exhibit 85: Yutong Bus Co.Ltd. – Overview
- Exhibit 86: Yutong Bus Co.Ltd. – Product / Service
- Exhibit 87: Yutong Bus Co.Ltd. – Key offerings
- 10.11 Zhejiang Geely Holding Group
- Exhibit 88: Zhejiang Geely Holding Group – Overview
- Exhibit 89: Zhejiang Geely Holding Group – Business segments
- Exhibit 90: Zhejiang Geely Holding Group – Key news
- Exhibit 91: Zhejiang Geely Holding Group – Key offerings
- Exhibit 92: Zhejiang Geely Holding Group – Segment focus
- 10.12 Zhongtong Bus Holding Co. Ltd.
- Exhibit 93: Zhongtong Bus Holding Co. Ltd. – Overview
- Exhibit 94: Zhongtong Bus Holding Co. Ltd. – Product / Service
- Exhibit 95: Zhongtong Bus Holding Co. Ltd. – Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 96: Inclusions checklist
- Exhibit 97: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 98: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 99: Research methodology
- Exhibit 100: Validation techniques employed for market sizing
- Exhibit 101: Information sources
- 11.5 List of abbreviations
- Exhibit 102: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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