China New Energy Vehicle Sector Report 2024-2025

Aiming to accelerate industrial transformation and achieve carbon neutrality, the Chinese government has been actively encouraging the development of the new energy vehicle (NEV) industry. As a result, China has witnessed surges in the production and sales of NEVs in recent years. These NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), range-extended electric vehicles (REEVs) and fuel cell electric vehicles (FCEVs). According to the Chinese Association of Automobile Manufacturers (CAAM), in 2023, China's production and sales of NEVs reached 9.59mn units and 9.49mn units, respectively, representing increases of 34.4% y/y and 37.9% y/y. In addition, the penetration rates of NEV production and sales (shares of NEVs in the automotive sector's total production and sales) reached 31.8% and 31.6%, respectively, rising sharply from 26.1% and 25.6% in 2022. According to PwC, by 2035, the sales penetration rate of electric passenger cars in China is expected to reach 78%.

This report provides a complete and detailed analysis of the "Electric vehicles manufacturing" sector for China. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Electric vehicles manufacturing" sector in China
• Crystallise the forces both driving and restraining this sector in China
• Ascertain China’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in China.
• Build a clear picture of trends, output and consumption for specific sub-sectors