At present, the electric vehicle market is in a stage of rapid development, showing a strong growth momentum, and the output is also continuing to grow. According to the "2024-2029 Research Report on Venture Capital Trends in China's Electric Vehicle Industry" released by the China Business Industry Research Institute, the output of pure electric vehicles in mainland China will reach 6.704 million units in 2023, a year-on-year increase of 22.6%. Analysts at the China Business Industry Research Institute predict that the production of pure electric vehicles in mainland China is expected to increase to 7.635 million units in 2024.
Data source: China Automobile Association and China Business Industry Research Institute
Electric vehicle sales
Driven by favorable government policies, continuous technological advancements and cost reductions. According to the "2024-2029 Research Report on Venture Capital Trends in China's Electric Vehicle Industry" released by the China Business Industry Research Institute, the sales of pure electric vehicles in mainland China will reach 6.685 million units in 2023, a year-on-year increase of 24.6%. Analysts at the China Business Industry Research Institute predict that the sales of pure electric vehicles in mainland China will reach 7.568 million units in 2024.
Data source: China Automobile Association and China Business Industry Research Institute
Major Players
At present, the main enterprises in the field of electric vehicles in mainland China include BYD, SAIC, GAC Group, Foton Motor, Tesla China, Geely Automobile, Dongfeng Motor, GAC Aion, Great Wall Motor, NIO, Xiaopeng Motors, Li Auto, etc., and the industry competition is fierce.
Source: Compiled by China Business Industry Research Institute
For more information, please refer to the "Research Report on Market Prospects and Investment Opportunities of China's Electric Vehicle Industry" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides industrial big data, industrial intelligence, industry research reports, industry white papers, industry status certificates, feasibility study reports, industrial planning, industrial chain investment map, industrial investment guidelines, industrial chain investment investigation & promotion meeting, "15th Five-Year Plan" and other consulting services.