China electric vehicle market is projected to grow from around $ 95.57 billion in 2019, exhibiting a CAGR of over 28% during the forecast period. Growth in the market can be attributed to increasing concerns about rising pollution levels, growing demand for clean fuel running automobiles and increasing affordability of electric vehicles being offered by leading automobile manufacturers in the country. Rising investments by several key OEMs to develop premium quality and more affordable electric vehicles coupled with expanding charging infrastructure would positively influence the country’s electric vehicle market in the coming years.  

China electric vehicle market can be segregate based on vehicle type, by drivetrain technology, by charging infrastructure, by region and by company. By vehicle type, market is segmented into two-wheeler, three-wheeler, passenger car, commercial vehicle. Passenger car is expected to witness fastest incremental growth during the forecast period. Technological advancements for higher battery life and performance are likely to fuel the China electric vehicle market growth. Surge in the prices of petrol and diesel is also expected to aid the market growth.

Some of the major companies operating in China electric vehicle market are Yadea Group Holdings Ltd., AIMA Technology Group Co., Ltd, Zhejiang Luyuan Electric Vehicle, Jiangsu Xinri E-Vehicle Co., Ltd, Dongguan Tailing Electric Vehicle Co., Ltd., Shandong Incalcu Electric Vehicle Co., Ltd, BYD Company Limited, Tesla Inc., BAIC International Corporation and Geely Automobile Holdings Ltd.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

·         To analyze and forecast China electric vehicle market size.

·         To classify and forecast China electric vehicle market on the basis of vehicle type, drivetrain technology type, charging infrastructure and region.

·         To scrutinize the detailed market segmentation and forecast the market size on the basis of vehicle type, namely – two-wheeler, three-wheeler, passenger car and commercial vehicle.

·         To scrutinize the detailed market segmentation and forecast the market size on the basis of drivetrain technology, namely – BEV and PHEV.

·         To scrutinize the detailed market segmentation and forecast the market size on the basis of charging infrastructure, namely – wired charging and wireless charging.

·         To scrutinize the detailed market segmentation and forecast the market size on the basis of region, namely - North China, South-central China, North-east China, South-west China, East China and North-west China.

·         To identify drivers and challenges for China electric vehicle market.

·         To identify market trends & developments in China electric vehicle market.

·         To identify and analyze the profile of leading players operating in China electric vehicle market.


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In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric vehicle manufacturers and companies currently investing in the market and operating in different regions of China. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. TechSci Research analyzed product offerings, regional network and regional presence of all major companies across the country.

TechSci Research calculated China electric vehicle market size using a bottom-up technique, wherein volume sales data for different vehicle types (two-wheeler, three-wheeler, passenger car and commercial vehicle) was recorded as well as forecast for the future years. TechSci Research sourced these from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as CAAM, CEVA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.  

 Key Target Audience:

  • Electric vehicle manufacturers 
  • Associations, organizations, forums and alliances related to electric vehicles
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric vehicle manufacturers, distributors and other stakeholders. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, China electric vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Market, by Vehicle Type

o    Two-Wheeler

o    Three-Wheeler

o    Passenger Car

o    Commercial Vehicle

·         Market, by Drivetrain Technology:

o    BEV

o    PHEV

·         Market, by Charging Infrastructure:

o    Wired

o    Wireless

·         Market, by Region:

o    North China

o    North-east China

o    East China

o    South-central China

o    South-west China

o    North-west China

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in China electric vehicle market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players.

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Impact of COVID-19 on China Electric Vehicle Market

5.       Voice of Customer

5.1.    Factors Influencing Purchase Decision

5.2.    Brand Recall

5.3.    Brand Satisfaction Level

6.       China Electric Vehicle Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume

6.2.    Market Share & Forecast

6.2.1.By Vehicle Type (Passenger Car, Two-Wheeler, Three-Wheeler and Commercial Vehicles)

6.2.2.By Drivetrain Technology (Battery Electric Vehicle Vs. Plug-in Hybrid Electric Vehicle)

6.2.3.By Charging Infrastructure (Wired Charging Vs. Wireless Charging)

6.2.4.By Region

6.2.5.By Company

6.3.    Market Attractiveness Index (By Vehicle Type) 

6.4.    Market Attractiveness Index (By Drivetrain Technology)

7.       China Electric Two-Wheeler Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Vehicle Type

7.2.2.By Drivetrain Technology

7.3.    Market Attractiveness Index (By Vehicle Type) 

8.       China Electric Three-Wheeler Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Vehicle Type

8.2.2.By Drivetrain Technology

8.3.    Market Attractiveness Index (By Vehicle Type) 

9.       China Electric Passenger Car Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value & Volume

9.2.    Market Share & Forecast

9.2.1.By Vehicle Type

9.2.2.By Drivetrain Technology

9.3.    Market Attractiveness Index (By Vehicle Type) 

9.4.    Market Attractiveness Index (By Drivetrain Technology)

10.   China Electric Commercial Vehicle Market Outlook

10.1.                     Market Size & Forecast

10.1.1.    By Value & Volume

10.2.                     Market Share & Forecast

10.2.1.    By Vehicle Type

10.2.2.    By Drivetrain Technology

10.3.                     Market Attractiveness Index (By Vehicle Type) 

10.4.                     Market Attractiveness Index (By Drivetrain Technology)

11.   Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.   Market Trends & Developments

13.   Policy & Regulatory Landscape

14.   Pricing & Price Point Analysis

15.   China Economic Profile

16.   Competitive Landscape

16.1.  Yadea Group Holdings Ltd.

16.2.  AIMA Technology Group Co., Ltd

16.3.  Zhejiang Luyuan Electric Vehicle

16.4.  Jiangsu Xinri E-Vehicle Co., Ltd

16.5.  Dongguan Tailing Electric Vehicle Co., Ltd.

16.6.  Shandong Incalcu Electric Vehicle Co., Ltd

16.7.  BYD Company Limited

16.8.  Tesla Inc.

16.9.  BAIC International Corporation

16.10.   Geely Automobile Holdings Ltd

17.   Strategic Recommendations

18.   About Us & Disclaimer

  • List of Figures

    Figure 1: China Electric Vehicle Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: China Electric Vehicle Market - Aided Brand Recall (N=75)

    Figure 3: China Electric Vehicle Market - Unaided Brand Recall (N=75)

    Figure 4: China Electric Vehicle Market - Brand Satisfaction Level (N=75)

    Figure 5: China Electric Vehicle Market - Brand Satisfaction Level, By Brand Image (N=75)

    Figure 6: China Electric Vehicle Market - Brand Satisfaction Level, By Performance (N=75)

    Figure 7: China Electric Vehicle Market - Brand Satisfaction Level, By Features (N=75)

    Figure 8: China Electric Vehicle Market - Brand Satisfaction Level, By Maintenance Cost (N=75)

    Figure 9: China Electric Vehicle Market - Brand Satisfaction Level, By Battery Life (N=75)

    Figure 10: China Electric Vehicle Market - Brand Satisfaction Level, By Pricing (N=75)

    Figure 11: China Electric Vehicle Market - Brand Satisfaction Level, By Ease of Availability (N=75)

    Figure 12: China Electric Vehicle Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 13: China Electric Vehicle Charging Stations, By Company, 2019 (Number)

    Figure 14: China Electric Vehicle Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 15: China Electric Vehicle Market Share, By Drivetrain Technology, By Volume, 2016-2026F

    Figure 16: China Publicly Accessible Chargers, By Volume (Thousand Unit), 2016-2019

    Figure 17: China Electric Vehicle Market Share, By Charging Infrastructure, By Volume, 2016-2026F

    Figure 18: China Electric Vehicle Range Extender Market Size, By Volume (Thousand Units), 2016-2023F

    Figure 19: China Electric Vehicle Market Share, By Region, By Volume, 2020 & 2026F

    Figure 20: China Electric Vehicle Market Share, By Company, By Volume, 2020

    Figure 21: China Electric Vehicle Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 22: China Electric Vehicle Market Attractiveness Index, By Drivetrain Technology, By Volume, 2021E-2026F

    Figure 23: China Electric Two-Wheeler Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 24: China Available Public Charging Stations, 2019 & 2022F (Number)

    Figure 25: China Electric Two-Wheeler Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 26: China Two-wheeler Sales, By Volume (Thousand Unit), 2013-2019

    Figure 27: China Electric Two-Wheeler Market Share, By Drivetrain Technology, By Volume, 2016-2026F

    Figure 28: China Population (Million), 2013-2019

    Figure 29: China Electric Two-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 30: China Electric Three-Wheeler Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 31: China Public EV Charging Infrastructure, By Electricity Type, 2019

    Figure 32: China EV Charging Infrastructure, By Facility Type, 2019

    Figure 33: China Electric Three-Wheeler Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 34: China Electric Vehicle Range Extender Market Size, By Value (USD Million), 2016-2020E

    Figure 35: China Electric Three-Wheeler Market Share, By Drivetrain Technology, By Volume, 2016-2026F

    Figure 36: China Electric Car Fleet, By Volume (Thousand Unit), 2013-2019

    Figure 37: China Electric Three-Wheeler Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 38: China Electric Passenger Car Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 39: China Top Selling Electric Passenger Car Models Sales (Unit), 2019

    Figure 40: China Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 41: China Passenger Car Sales (Million Units), 2013-2019

    Figure 42: China Electric Passenger Car Market Share, By Drivetrain Technology, By Volume, 2016-2026F

    Figure 43: China Per Capita Income (USD), 2013-2019

    Figure 44: China Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 45: China Electric Passenger Car Market Attractiveness Index, By Drivetrain Technology, By Volume, 2021E-2026F

    Figure 46: China Electric Commercial Vehicle Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 47: China Commercial Vehicle Sales (Million Units), 2013-2019

    Figure 48: China Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 49: China Electric Commercial Vehicle Market Share, By Drivetrain Technology, By Volume,

    2016-2026F

    Figure 50: China Electric Vehicle Battery Production (Gigawatt hours-GWh), 2013-2016

    Figure 51: China Electric Commercial Vehicle Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 52: China Electric Commercial Vehicle Market Attractiveness Index, By Drivetrain Technology,

    By Volume, 2021E-2026F

    Figure 53: China Electric Vehicle Market Average Selling Price Analysis, 2020-2026F (USD Per Unit)

     

    List of Tables

    Table 1: China Electric Passenger Car Specification, By Model 2020

    Table 2: China Electric Vehicle Subsidy by Government

    Table 3: China Electric Vehicle Market Pricing Analysis, 2020