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Electric vehicle industry in China - Wikipedia
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## Contents

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- [1History](#History)
- [2Electric vehicle manufacturers](#Electric_vehicle_manufacturers)Toggle Electric vehicle manufacturers subsection  - [2.1Foreign companies](#Foreign_companies)
  - [2.2Domestic companies](#Domestic_companies)    - [2.2.1BYD Auto](#BYD_Auto)
    - [2.2.2SAIC Motor](#SAIC_Motor)
    - [2.2.3Great Wall Motor](#Great_Wall_Motor)
    - [2.2.4GAC Group](#GAC_Group)
    - [2.2.5Geely](#Geely)
    - [2.2.6Other companies](#Other_companies)
- [3Battery manufacturers](#Battery_manufacturers)Toggle Battery manufacturers subsection  - [3.1Domestic companies](#Domestic_companies_2)    - [3.1.1CATL](#CATL)
    - [3.1.2Other companies](#Other_companies_2)
    - [3.1.3Battery companies by EV battery market share](#Battery_companies_by_EV_battery_market_share)
- [4Other developments](#Other_developments)Toggle Other developments subsection  - [4.1Energy storage](#Energy_storage)
  - [4.2Energy infrastructure](#Energy_infrastructure)
  - [4.3Encouraging policy](#Encouraging_policy)
- [5See also](#See_also)
- [6External links](#External_links)
- [7References](#References)

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# Electric vehicle industry in China

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[![](//upload.wikimedia.org/wikipedia/commons/thumb/3/3b/BYD_Electric_Taxi.jpg/220px-BYD_Electric_Taxi.jpg)](/wiki/File:BYD_Electric_Taxi.jpg) [BYD e6](/wiki/BYD_e6 "BYD e6") battery electric taxi in [Shenzhen](/wiki/Shenzhen "Shenzhen"), China[![](//upload.wikimedia.org/wikipedia/commons/thumb/e/e8/2641492_at_Yuezhuang_%2820220923141128%29.jpg/220px-2641492_at_Yuezhuang_%2820220923141128%29.jpg)](/wiki/File:2641492_at_Yuezhuang_(20220923141128).jpg) [Foton](/wiki/Foton_Motor "Foton Motor") BJ6129EVCA-N1 battery electric bus in Beijing, China[![](//upload.wikimedia.org/wikipedia/commons/thumb/c/c0/Yangzhou-WenchangLu-electric-bicycles-3278.jpg/220px-Yangzhou-WenchangLu-electric-bicycles-3278.jpg)](/wiki/File:Yangzhou-WenchangLu-electric-bicycles-3278.jpg) E-bikes with an estimated fleet of 120 million in early 2010.

The **electric vehicle industry in China** is the largest in the world, accounting for around 58% of global production of [electric vehicles](/wiki/Electric_vehicle "Electric vehicle") (EVs)[\[1\]](#cite_note-1) and more than 1.5 million exports in 2023.[\[2\]](#cite_note-2) In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs (battery-only EVs) and 2.79 million PHEV (plug-in hybrid electric vehicles).[\[3\]](#cite_note-:0-3)China also dominates the plug-in [electric bus](/wiki/Electric_bus "Electric bus") and [light commercial vehicle](/wiki/Light_commercial_vehicle "Light commercial vehicle") market, reaching over 500,000 buses (98% of global stock) and 247,500 electric commercial vehicles (65% of global stock) in 2019,\[ _[citation needed](/wiki/Wikipedia:Citation_needed "Wikipedia:Citation needed")_\] and recording new sales of 447,000 commercial EVs in 2023.[\[3\]](#cite_note-:0-3)

Plug-in electric vehicle (BEV and PHEV) sales were 37% of the overall automotive sales in China in 2023, with BEVs and PHEVs having 25% and 12% market share respectively. This is a significant increase from 2020, when plug-in electric vehicles accounted for only 6.3% of total sales.[\[4\]](#cite_note-4) The plug-in market in China was dominated by Chinese companies, with [BYD Auto](/wiki/BYD_Auto "BYD Auto") and [SAIC Motor](/wiki/SAIC_Motor "SAIC Motor") occupying the top two spots, and 5 out of the top 7 spots.[\[5\]](#cite_note-PluginCarSales122021-5)

The battery industry is closely related to the EV industry as batteries constitute around 1/3 of the cost of EVs[\[6\]](#cite_note-asia.nikkei.com-6) and around 80% of lithium-ion batteries in the world are used in EVs.[\[7\]](#cite_note-auto1-7) The industry also has significant Chinese presence, with major players including world's largest [CATL](/wiki/CATL "CATL"), [BYD](/wiki/BYD_Company "BYD Company"), [CALB](/wiki/CALB "CALB"), [Gotion](/w/index.php?title=Gotion&action=edit&redlink=1 "Gotion (page does not exist)"), [SVOLT](/w/index.php?title=SVOLT&action=edit&redlink=1 "SVOLT (page does not exist)") and [EVE Energy](/w/index.php?title=EVE_Energy&action=edit&redlink=1 "EVE Energy (page does not exist)").[\[8\]](#cite_note-electrive.com-8)

## History

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=1 "Edit section: History")\]

Main article: [History of electric vehicle industry in China](/wiki/History_of_electric_vehicle_industry_in_China "History of electric vehicle industry in China")

## Electric vehicle manufacturers

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=2 "Edit section: Electric vehicle manufacturers")\]

See also: [Automotive industry in China](/wiki/Automotive_industry_in_China "Automotive industry in China")

Further information: [List of automobile manufacturers of China § Electric vehicle manufacturers](/wiki/List_of_automobile_manufacturers_of_China#Electric_vehicle_manufacturers "List of automobile manufacturers of China")

Plug-in electric vehicle (BEV and PHEV) sales was 15% of the overall automotive sales in China in 2021.[\[9\]](#cite_note-cleantechnica.com-9) NEV adoption rapidly increased to a record 28% in March 2022, and according to BYD chairman Wang Chuanfu could reach 35% by end of 2022, exceeding the government goal of 20% by 2025.[\[10\]](#cite_note-aastocks.com-10) The plug-in market in China was dominated by Chinese companies, with [BYD Auto](/wiki/BYD_Auto "BYD Auto") and [SAIC Motor](/wiki/SAIC_Motor "SAIC Motor") occupying the top two spots, and 5 out of the top 7 spots.[\[5\]](#cite_note-PluginCarSales122021-5)

It is difficult to estimate the comparative size of EV companies in China as foreign companies such as [Tesla](/wiki/Tesla,_Inc. "Tesla, Inc.") and [VW](/wiki/Volkswagen "Volkswagen") have significant sales and manufacturing in China, while Chinese companies such as BYD have significant overseas sales. Some Chinese companies also have foreign-based subsidiaries such as [Geely](/wiki/Geely "Geely"), which owns [Polestar](/wiki/Polestar "Polestar") and [Lynk & Co](/wiki/Lynk_%26_Co "Lynk & Co").

According to _[Bloomberg](/wiki/Bloomberg_News "Bloomberg News")_, there were 500 Chinese electric car manufacturers in China in 2019. After fierce competition, only 100 manufacturers remained by 2023.[\[11\]](#cite_note-11) According to _[Wired](/wiki/Wired_(magazine) "Wired (magazine)")_, as many as 300 manufacturers, both domestic and international, were offering electric vehicles in China in 2023.[\[12\]](#cite_note-12)

### Foreign companies

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=3 "Edit section: Foreign companies")\]

[Tesla](/wiki/Tesla,_Inc. "Tesla, Inc.") opened its first "Gigafactory" outside the United States in Shanghai, China, in 2019. [Giga Shanghai](/wiki/Giga_Shanghai "Giga Shanghai") was the first automobile factory in China fully owned by a foreign company, and was built in less than 6 months, becoming Tesla's main export hub.[\[13\]](#cite_note-13) In November 2021, total production was 56,965 vehicles and capacity was estimated to be nearing 700,000 vehicles per year, becoming the largest of the Tesla factories.[\[14\]](#cite_note-14) There is an expansion planned to increase capacity to up to 1.1 million in 2022, and possibly 2 million in the future, becoming the company's largest plant by far.[\[15\]](#cite_note-15)

[Volkswagen](/wiki/Volkswagen "Volkswagen") manufactures electric vehicles in China through joint ventures such as Volkswagen Anhui (formerly [JAC](/wiki/JAC_Motors "JAC Motors")-VW), [SAIC](/wiki/SAIC_Motor "SAIC Motor")-VW (Anting), [FAW](/wiki/FAW_Group "FAW Group")-VW (Foshan), producing vehicles based on the [Volkswagen MEB platform](/wiki/Volkswagen_MEB_platform "Volkswagen MEB platform"). Capacity is expected to reach a total of 1 million by 2023, around 20% of Volkswagen's total automotive production in China.[\[16\]](#cite_note-16)[\[17\]](#cite_note-17)

### Domestic companies

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=4 "Edit section: Domestic companies")\]

As of at least 2024, the Chinese EV industry is in a strong competitive position in the developing world market, including southeast Asia.[\[18\]](#cite_note-:Han-18): 58–59  Many southeast Asian countries have made policy Changes in an effort to attract investment from Chinese automakers.[\[18\]](#cite_note-:Han-18): 59

#### BYD Auto

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=5 "Edit section: BYD Auto")\]

Main article: [BYD Auto](/wiki/BYD_Auto "BYD Auto")

[BYD Auto](/wiki/BYD_Auto "BYD Auto") Co., Ltd. is the [automotive](/wiki/Automotive "Automotive") subsidiary of the Chinese multinational [BYD Co Ltd](/wiki/BYD_Company "BYD Company"),[\[19\]](#cite_note-19) headquartered in [Xi'an](/wiki/Xi%27an "Xi'an"), [Shaanxi Province](/wiki/Shaanxi_Province "Shaanxi Province").[\[20\]](#cite_note-20) It was founded in January 2003, following BYD Company's acquisition of Qinchuan Automobile Company in 2002.[\[21\]](#cite_note-21) The company produces [cars](/wiki/Car "Car"), [buses](/wiki/Bus "Bus"), [trucks](/wiki/Truck "Truck"), [electric bicycles](/wiki/Electric_bicycle "Electric bicycle"), [forklifts](/wiki/Forklift "Forklift") and [rechargeable batteries](/wiki/Rechargeable_batteries "Rechargeable batteries"). The current model range of automobiles includes [electric vehicles](/wiki/Electric_vehicle "Electric vehicle"), [plug-in hybrid vehicles](/wiki/Plug-in_hybrid_vehicle "Plug-in hybrid vehicle") and [petrol engine](/wiki/Petrol_engine "Petrol engine") vehicles.

It is the fourth largest plug-in electric vehicle (BEV and PHEV) company and fourth largest BEV company in the world, with 9.1% and 7% global market share respectively in 2021.[\[22\]](#cite_note-auto-22) The company is undertaking rapid expansion, with sales hitting over 100,000 per month in March 2022, and is expecting to sell between 1.5 million to 2 million plug-in EVs in 2022, around 3 to 4 times the volume in 2021, possibly overtaking current world leader [Tesla](/wiki/Tesla,_Inc. "Tesla, Inc.").[\[23\]](#cite_note-23)

The company also has a battery division, which is the world's fourth largest producer of EV batteries with a market share of 14.4% as of January 2024.

#### SAIC Motor

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=6 "Edit section: SAIC Motor")\]

Main article: [SAIC Motor](/wiki/SAIC_Motor "SAIC Motor")

SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese [state-owned](/wiki/State-owned_enterprises_of_China "State-owned enterprises of China") automobile manufacturer headquartered in [Anting](/wiki/Anting "Anting"), [Shanghai](/wiki/Shanghai "Shanghai"). Founded in 1955,[\[24\]](#cite_note-24) it is currently the largest of the " [Big Four](/wiki/Automotive_industry_in_China "Automotive industry in China")" state-owned car manufacturers of China, namely: **[SAIC Motor](/wiki/SAIC_Motor "SAIC Motor")**, **[FAW Group](/wiki/FAW_Group "FAW Group")**, **[Dongfeng Motor Corporation](/wiki/Dongfeng_Motor_Corporation "Dongfeng Motor Corporation")**, and **[Changan Automobile](/wiki/Changan_Automobile "Changan Automobile")**, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively.[\[25\]](#cite_note-25)

The company produces and sells vehicles under its own branding, such as [Maxus](/wiki/Maxus "Maxus"), [MG](/wiki/MG_Motor "MG Motor"), [Roewe](/wiki/Roewe "Roewe"), [Baojun](/wiki/Baojun "Baojun") (under SGMW), [Wuling](/wiki/Wuling_Motors "Wuling Motors") (under SGMW), [Feifan](/w/index.php?title=Feifan&action=edit&redlink=1 "Feifan (page does not exist)"), as well as under foreign-branded joint ventures such as SAIC-Volkswagen and SAIC-General Motors. In 2021, domestic-branded cars took 52% of sales.[\[26\]](#cite_note-26)[\[27\]](#cite_note-27) It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Feifan.

It is currently a Fortune Global 100 company, ranked 60 on the list. Including [SGMW](/wiki/SGMW "SGMW"), it is also the third largest plug-in electric vehicle (BEV and PHEV) company and second largest BEV company in the world, with 10.5% and 13% global market share respectively in 2021, selling under brand names such as Wuling, Baojun, Maxus, MG, Roewe and Feifan.[\[22\]](#cite_note-auto-22)

#### Great Wall Motor

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=7 "Edit section: Great Wall Motor")\]

See also: [Great Wall Motor](/wiki/Great_Wall_Motor "Great Wall Motor")

Great Wall Motor Co., Ltd. (GWM)[\[28\]](#cite_note-28) is a Chinese privately owned automobile manufacturer headquartered in [Baoding](/wiki/Baoding "Baoding"), [Hebei](/wiki/Hebei "Hebei"). Founded in 1984, it is currently the [eighth largest](/wiki/Automotive_industry_in_China#List_of_Chinese_automobile_manufacturers_by_sales_and_revenue "Automotive industry in China") automobile manufacturer in China, with 1.281 million sales in 2021.

The company produces and sells vehicles under its own branding, such as GWM, Haval, WEY, TANK, POER, ORA. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as ORA.

Named after the [Great Wall of China](/wiki/Great_Wall_of_China "Great Wall of China"), the company is China's largest producer of [sport-utility vehicles](/wiki/Sport-utility_vehicle "Sport-utility vehicle") (SUVs) and [pick-up trucks](/wiki/Pickup_truck "Pickup truck").[\[29\]](#cite_note-green-29) In 2021, it was the third largest Chinese plug-in electric vehicle manufacturer in the Chinese market, with 4% of market share, selling under brand names such as Ora and Haval.[\[5\]](#cite_note-PluginCarSales122021-5)

#### GAC Group

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=8 "Edit section: GAC Group")\]

See also: [GAC Group](/wiki/GAC_Group "GAC Group")

Guangzhou Automobile Group Corp., Ltd. (GAC Group) is a Chinese [state-owned](/wiki/State-owned_enterprises_of_China "State-owned enterprises of China") automobile manufacturer headquartered in [Guangzhou](/wiki/Guangzhou "Guangzhou"), [Guangdong](/wiki/Guangdong "Guangdong"). Founded in 1954, it is currently the [fifth largest](/wiki/Automotive_industry_in_China#List_of_Chinese_automobile_manufacturers_by_sales_and_revenue "Automotive industry in China") automobile manufacturer in China, with 2.144 million sales in 2021.

The company produces and sells vehicles under its own branding, such as Trumpchi, Aion, Hycan as well as under foreign-branded joint ventures such as GAC-Toyota, GAC-Honda, GAC-FCA (Jeep) and GAC-Mitsubishi. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Aion and Hycan.

In 2021, it was the fourth largest Chinese plug-in electric vehicle manufacturer in the Chinese market, with 4% of market share.[\[5\]](#cite_note-PluginCarSales122021-5) It sold over 20,000 units of EVs in March 2022.[\[5\]](#cite_note-PluginCarSales122021-5)[\[30\]](#cite_note-30)

#### Geely

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=9 "Edit section: Geely")\]

See also: [Geely](/wiki/Geely "Geely")

Zhejiang Geely Holding Group Co., Ltd (ZGH), commonly known as Geely, is a Chinese [multinational](/wiki/Multinational_Corporation "Multinational Corporation") [automotive company](/wiki/Automotive_industry "Automotive industry") headquartered in [Hangzhou](/wiki/Hangzhou "Hangzhou"), [Zhejiang](/wiki/Zhejiang "Zhejiang"). The company is [privately held](/wiki/Privately_held_company "Privately held company") by Chinese billionaire business magnate [Li Shufu](/wiki/Li_Shufu "Li Shufu"). It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto subsidiary.[\[31\]](#cite_note-31) Geely Auto is currently the [seventh largest](/wiki/Automotive_industry_in_China#List_of_Chinese_automobile_manufacturers_by_sales_and_revenue "Automotive industry in China") automobile manufacturer in China, with 1.328 million sales in 2021.

The company produces and sells vehicles under its own branding, such as Geely Auto, Geometry, Maple, Zeekr, under foreign-located subsidiaries, such as Volvo Cars, Polestar, Lynk & Co, Proton, Lotus as well as commercial only vehicles under the [London EV Company](/wiki/London_EV_Company "London EV Company"), [Ouling Auto](/wiki/Tangjun_Ou_Ling "Tangjun Ou Ling") and [Yuan Cheng Auto](/w/index.php?title=Yuan_Cheng_Auto&action=edit&redlink=1 "Yuan Cheng Auto (page does not exist)") (Farizon Auto) brands. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Geometry, Maple, Zeekr and Polestar.

The group sold over 2.2 million cars in 2021.[\[32\]](#cite_note-32) The company sold over 17,926 plug-in electric vehicles in January 2022.[\[33\]](#cite_note-33)

#### Other companies

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=10 "Edit section: Other companies")\]

![](//upload.wikimedia.org/wikipedia/en/thumb/1/1d/Information_icon4.svg/20px-Information_icon4.svg.png)

This list is [incomplete](/wiki/Wikipedia:WikiProject_Lists#Incomplete_lists "Wikipedia:WikiProject Lists"); you can help by [adding missing items](https://en.wikipedia.org/w/index.php?title=Electric_vehicle_industry_in_China&action=edit). _(July 2023)_

- [Aiways](/wiki/Aiways "Aiways")
- [Chery](/wiki/Chery "Chery")
- [Chang Li](/w/index.php?title=Chang_Li&action=edit&redlink=1 "Chang Li (page does not exist)")
- [Changan Automobile](/wiki/Changan_Automobile "Changan Automobile")
- [Nio](/wiki/Nio_Inc. "Nio Inc.")
- [XPeng](/wiki/XPeng "XPeng")
- [Li Auto](/wiki/Li_Auto "Li Auto")
- [Neta (Hozon Auto)](/wiki/Hozon_Auto "Hozon Auto")
- [Leapmotor](/wiki/Leapmotor "Leapmotor")
- [AITO](/wiki/AITO_(marque) "AITO (marque)")
- [Wuling](/wiki/Wuling_Motors "Wuling Motors")
- [Zeekr](/wiki/Zeekr "Zeekr")

Chinese major EV venture brands sales
Year
[Nio](/wiki/Nio_Inc. "Nio Inc.")[Xpeng](/wiki/XPeng "XPeng")[Neta](/wiki/Hozon_Auto "Hozon Auto")[Leapmotor](/wiki/Leapmotor "Leapmotor")[Li](/wiki/Li_Auto "Li Auto")[Seres](/wiki/Seres_(automobiles) "Seres (automobiles)")2018
11,348
482
1,206
-
-
-
2019
20,565
16,608
11,212
1,000
1,000
-
2020
43,728
27,041
15,509
10,266
33,457
-
2021
91,429
98,155
69,674
43,121
90,491
-
2022
122,486
120,757
152,073
111,168
133,246
76,180
2023
160,038
141,601
127,496
144,155
376,030
106,703

## Battery manufacturers

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=11 "Edit section: Battery manufacturers")\]

The battery industry is closely related to the EV industry as batteries constitute around 1/3 of the cost of EVs[\[6\]](#cite_note-asia.nikkei.com-6) and around 80% of lithium-ion batteries in the world are used in EVs.[\[7\]](#cite_note-auto1-7) It is estimated to be worth around $30 billion 2021 and expected to grow to around $127 billion by 2027,[\[34\]](#cite_note-34) with demand expected to reach 3000 Gwh by 2030. Globally, manufacturing capacity is expected to increase to more than 5,500 GWh by 2030, including 3,000 GWh of capacity announced by Chinese manufacturers to date.[\[7\]](#cite_note-auto1-7)

As of 2021, total demand of the market was 296.8 GWh, over double of the amount in 2020.[\[8\]](#cite_note-electrive.com-8) As of Q1 2021, [LFP](/wiki/Lithium_iron_phosphate_battery "Lithium iron phosphate battery") type battery market share reached 24.1%,[\[35\]](#cite_note-35) with Chinese manufacturers holding a near monopoly,[\[6\]](#cite_note-asia.nikkei.com-6) and is expected to rise further to surpass [NCM](/wiki/Lithium_nickel_manganese_cobalt_oxides "Lithium nickel manganese cobalt oxides") type batteries in 2028.[\[7\]](#cite_note-auto1-7)

### Domestic companies

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=12 "Edit section: Domestic companies")\]

#### CATL

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=13 "Edit section: CATL")\]

See also: [CATL](/wiki/CATL "CATL")

Contemporary Amperex Technology Co, (CATL) is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of [lithium-ion batteries](/wiki/Lithium-ion_battery "Lithium-ion battery") for [electric vehicles](/wiki/Electric_vehicle "Electric vehicle") and [energy storage systems](/wiki/Energy_storage_system "Energy storage system"), as well as [battery management systems](/wiki/Battery_management_system "Battery management system") (BMS).[\[36\]](#cite_note-36) With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year.[\[37\]](#cite_note-37)[\[38\]](#cite_note-:1-38) The company has a manufacturing capacity target of >500 GWh by 2025 and >800 GWh by 2030.[\[39\]](#cite_note-auto2-39)

#### Other companies

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=14 "Edit section: Other companies")\]

Companies listed include all battery manufacturers, some of which may not be involved in EV battery manufacturing.[\[39\]](#cite_note-auto2-39)

- [BYD](/wiki/BYD_Company "BYD Company")
  - 26.3 GWh (up 167.7%) and 8.8% share. Manufacturing capacity target of 670 Gwh by 2025[\[40\]](#cite_note-40)
- CALB
  - 7.9 GWh (up 130.5%) and 2.7% share. Manufacturing capacity target of 500 Gwh by 2025 and 1000 Gwh by 2030.[\[41\]](#cite_note-41)
- Gotion
  - 6.4 GWh (up 161.3%) and 2.1% share. Manufacturing capacity target of 300 Gwh by 2025. Around 26% owned by Volkswagen.[\[42\]](#cite_note-42)
- SVOLT
  - 3.1 GWh (up 430.8%) and 1.0% share. Manufacturing capacity target of 600 Gwh by 2025. Spun off from battery unit of [Great Wall Motor](/wiki/Great_Wall_Motor "Great Wall Motor").[\[43\]](#cite_note-43)
- EVE Energy

  - Manufacturing capacity target of 200 Gwh by 2025.
- Sunwoda
  - Manufacturing capacity target of >100 Gwh by 2025.
- Farasis Energy
  - Manufacturing capacity target of >100 Gwh by 2025. Backed by [Mercedes-Benz](/wiki/Mercedes-Benz "Mercedes-Benz").[\[44\]](#cite_note-44)
- REPT
  - Manufacturing capacity target of 200 Gwh by 2025.

#### Battery companies by EV battery market share

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=15 "Edit section: Battery companies by EV battery market share")\]

Rank
Company
Market share % (2023)[\[45\]](#cite_note-45)1
[CATL](/wiki/CATL "CATL")36.8
2
[BYD Company](/wiki/BYD_Company "BYD Company")15.8
3
[CALB](/wiki/CALB "CALB")4.7
4
Gotion
2.4
5
EVE Energy
2.3
6
Sunwoda
1.5

## Other developments

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=16 "Edit section: Other developments")\]

### Energy storage

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=17 "Edit section: Energy storage")\]

Main article: [Energy storage](/wiki/Energy_storage "Energy storage")

E-vehicles use only electric motors and [gearboxes](/wiki/Gearbox "Gearbox"), and have few parts requiring maintenance. Compared to traditional vehicles and excluding the battery, they are cheaper and easier to build.[\[46\]](#cite_note-46) However, building battery with sufficient capacity and discharge-cycles is a challenge.

[BYD Company](/wiki/BYD_Company "BYD Company") is a Chinese company that builds [rechargeable batteries](/wiki/Rechargeable_battery "Rechargeable battery") using a new technology that, according to the company, makes them safer than other [lithium-ion](/wiki/Lithium-ion_battery "Lithium-ion battery") models. In 2005, it became the world's leading small battery company and is one of the world's largest manufacturers of rechargeable batteries. It is emerging as a leader in the technology sector.

Tianjin Lishen Battery Joint-Stock Co. Ltd. is another China based battery manufacturer. The company has a partnership with [Coda Automotive](/wiki/Coda_Automotive "Coda Automotive"), a [California](/wiki/California "California") based company, to develop a Coda electric vehicle and ultimately, batteries for use in [electricity generation](/wiki/Electricity_generation "Electricity generation"). The focus of the latter will be to provide energy storage for [wind](/wiki/Wind_energy "Wind energy") and [solar energy](/wiki/Solar_energy "Solar energy") generation.

In 2017, the government battery subsidies fell by 30% and Chinese EV sales dropped.[\[47\]](#cite_note-47)[\[48\]](#cite_note-48)

### Energy infrastructure

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=18 "Edit section: Energy infrastructure")\]

While the shape of this industry is still emerging, electricity generation and the infrastructure to deliver energy appear to be the areas with the highest potential and relevancy to manage future energy use. According to consulting group [Oliver Wyman](/wiki/Oliver_Wyman "Oliver Wyman"), "some utilities are already engaging a specific area of the value chain, setting priorities for near-term, medium-term, and long-term initiatives. They have begun to model different market and business impact scenarios, with the goal of identifying the biggest upsides and pitfalls."[\[49\]](#cite_note-49)

Utilities have begun to develop focused strategies in areas where they are well positioned to serve the electric-vehicle value chain. At the moment, a variety of business design ideas are competing to shape the new marketplace. China has invested a great deal into this fundamental component of the [value chain](/wiki/Value_chain "Value chain"), and some of the principal facilitators are as follows:

- [State Grid Corporation of China](/wiki/State_Grid_Corporation_of_China "State Grid Corporation of China")
- Jiangxi Ganneng. Co

An electricity provider, year-end 2009, the Company finished approximately six billion kilowatt-hours of on-grid electricity, and had an attributable installed capacity of 1.5 million kilowatts, including 1.4 million kilowatts of [thermal power](/wiki/Thermal_power "Thermal power") and 100,000 kilowatts of [hydropower](/wiki/Hydropower "Hydropower").

- [NARI Technology](/wiki/NARI_Technology "NARI Technology")

The Company develops, manufactures and sells [software](/wiki/Software "Software") and [hardware](/wiki/Computer_hardware "Computer hardware") products serving the power industry, and also provide system integration services. It also provides software and hardware services and system integration services for things such as power grid dispatching [automation](/wiki/Automation "Automation") products, electricity market commercial operating systems, and electrical control automation products.

- XJ Electric Co.

This company is primarily engaged in research, development, manufacture and distribution of automation, protection and controlling products for electric power systems. Specifically, it provides [power grid](/wiki/Power_grid "Power grid") and power generation equipment, transformers, electrical systems, [power distribution](/wiki/Power_distribution "Power distribution") network products, electrified railway products and [direct current](/wiki/Direct_current "Direct current") (DC) power distribution systems.

### Encouraging policy

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=19 "Edit section: Encouraging policy")\]

China has promoted the development of the electric vehicle (EV) industry through a series of encouraging policy measures to reduce petroleum fuel consumption and greenhouse gas emissions. Still, the market for electric cars is small. Against this backdrop, the Chinese government began phasing out EV subsidies in 2018 with the goal of eliminating them by 2022. In recent years, the Chinese government has introduced a series of incentive policy measures to promote the development of the electric vehicle industry, such as consumer subsidies, various tax exemptions, toll-free, charging infrastructure construction, research and development grants, etc. (R & D) electric vehicle manufacturers.[\[50\]](#cite_note-50) In February 2024, China approved a joint venture between subsidiaries of [BMW](/wiki/BMW "BMW") and [Mercedes-Benz](/wiki/Mercedes-Benz "Mercedes-Benz"). They would work on building a [rapid charging network](/wiki/Charging_station "Charging station") in the country.[\[51\]](#cite_note-51)

## See also

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=20 "Edit section: See also")\]

- ![flag](//upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/32px-Flag_of_the_People%27s_Republic_of_China.svg.png)[China portal](/wiki/Portal:China "Portal:China")
- [![icon](//upload.wikimedia.org/wikipedia/commons/thumb/1/14/Crystal_energy.svg/29px-Crystal_energy.svg.png)](/wiki/File:Crystal_energy.svg)[Energy portal](/wiki/Portal:Energy "Portal:Energy")

- [Economy of China](/wiki/Economy_of_China "Economy of China")
- [Automotive industry in China](/wiki/Automotive_industry_in_China "Automotive industry in China")
- [Electric Vehicle Company](/wiki/Electric_Vehicle_Company "Electric Vehicle Company")
- [New energy vehicles in China](/wiki/New_energy_vehicles_in_China "New energy vehicles in China")
- [List of electric vehicle battery manufacturers](/wiki/List_of_electric_vehicle_battery_manufacturers "List of electric vehicle battery manufacturers")
- [List of production battery electric vehicles](/wiki/List_of_production_battery_electric_vehicles "List of production battery electric vehicles")
- [Electric vehicle conversion](/wiki/Electric_vehicle_conversion "Electric vehicle conversion")
- [Electrification](/wiki/Electrification "Electrification")
- [Hybrid electric vehicle](/wiki/Hybrid_electric_vehicle "Hybrid electric vehicle")
- [Motorized bicycle](/wiki/Motorized_bicycle "Motorized bicycle")
- [Climate change in China](/wiki/Climate_change_in_China "Climate change in China")
- [Pollution in China](/wiki/Pollution_in_China "Pollution in China")
- [Renewable energy in China](/wiki/Renewable_energy_in_China "Renewable energy in China")
- [Sustainable business](/wiki/Sustainable_business "Sustainable business")
- [Sustainable transport](/wiki/Sustainable_transport "Sustainable transport")

## External links

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=21 "Edit section: External links")\]

- [List of all chinese electric car brands](https://wattev2buy.com/list-chinese-electric-cars-list-chinese-ev-car-brands/) and [price range](https://wattev2buy.com/china-ev-price-list-rank-chinese-electric-cars-by-range-and-price/).

## References

\[ [edit](/w/index.php?title=Electric_vehicle_industry_in_China&action=edit&section=22 "Edit section: References")\]

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02. **[^](#cite_ref-2)**["China's EV and Solar Exports Are Powering Ahead as Prices Slide"](https://www.bloomberg.com/news/articles/2024-04-30/china-s-ev-and-solar-exports-are-powering-ahead-as-prices-slide). _[Bloomberg News](/wiki/Bloomberg_News "Bloomberg News")_. 30 April 2024. Retrieved 24 June 2024.
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10. **[^](#cite_ref-aastocks.com_10-0)**["No related news"](http://www.aastocks.com/en/stocks/news/aafn-news/NOW.1172328/2). _www.aastocks.com_.
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13. **[^](#cite_ref-13)**["Elon Musk Set Up His Shanghai Gigafactory in Record Time"](https://www.bloomberg.com/news/articles/2019-10-23/elon-musk-opened-tesla-s-shanghai-gigafactory-in-just-168-days). Bloomberg News. 23 October 2019. Retrieved 28 January 2021.
14. **[^](#cite_ref-14)**John, Darryn (21 December 2021). ["Giga Shanghai's November 2021 production figures indicate annualized rate of 683,000 cars"](https://driveteslacanada.ca/news/giga-shanghai-november-2021-production-figures/).
15. **[^](#cite_ref-15)**["Exclusive: Tesla plans new Shanghai plant to more than double China capacity – sources"](https://www.reuters.com/business/autos-transportation/exclusive-tesla-plans-new-shanghai-plant-more-than-double-china-capacity-sources-2022-02-24/#:~:text=Once%20the%20new%20plant%20is,in%20discussing%20still%2Dprivate%20plans.). _Reuters_. 24 February 2022.
16. **[^](#cite_ref-16)**["Volkswagen to boost Chinese EV capacity to 1m by 2023: Brand CEO"](https://asia.nikkei.com/Editor-s-Picks/Interview/Volkswagen-to-boost-Chinese-EV-capacity-to-1m-by-2023-brand-CEO).
17. **[^](#cite_ref-17)**["VW to expand BEV production in China"](https://www.electrive.com/2022/01/17/vw-to-expand-bev-production-in-china/). 17 January 2022.
18. ^ [_**a**_](#cite_ref-:Han_18-0) [_**b**_](#cite_ref-:Han_18-1)Han, Enze (2024). _The Ripple Effect: China's Complex Presence in Southeast Asia_. New York, NY: [Oxford University Press](/wiki/Oxford_University_Press "Oxford University Press"). [ISBN](/wiki/ISBN_(identifier) "ISBN (identifier)") [978-0-19-769659-0](/wiki/Special:BookSources/978-0-19-769659-0 "Special:BookSources/978-0-19-769659-0").
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22. ^ [_**a**_](#cite_ref-auto_22-0) [_**b**_](#cite_ref-auto_22-1)["World's Top 5 EV Automotive Groups Ranked by Sales: 2021"](https://insideevs.com/news/564800/world-top-oem-sales-2021/).
23. **[^](#cite_ref-23)**["With Shanghai Locked Down, BYD May Seize Tesla's EV Crown"](https://www.investors.com/news/tesla-stock-vs-byd-stock-comparing-ev-stocks-tsla-byddf/). _Investor's Business Daily_. 10 April 2022.
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26. **[^](#cite_ref-26)**["Saic Motor"](https://www.saicmotor.com/english/latest_news/saic_motor/56955.shtml).
27. **[^](#cite_ref-27)**["2021年，东风集团汽车销量为327.5\_车家号\_发现车生活\_汽车之家"](https://chejiahao.autohome.com.cn/info/10233350).
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31. **[^](#cite_ref-31)**["Geely's Li Shufu is betting billions on global push"](https://finance.yahoo.com/news/geelys-li-shufu-betting-billions-global-push-121728960--finance.html). Yahoo! Finance. 26 February 2018. Retrieved 4 January 2019.
32. **[^](#cite_ref-32)**["Geely group sales exceed 2.2m units in 2021, up 5% – paultan.org"](https://paultan.org/2022/01/21/geely-group-sales-exceed-2-2m-units-in-2021-up-5/). 21 January 2022.
33. **[^](#cite_ref-33)**["Geely Auto Holdings Jan. BEV sales skyrocket 641% YoY"](https://autonews.gasgoo.com/china_news/70019702.html).
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43. **[^](#cite_ref-43)**["ABOUT SVOLT"](https://svolt-eu.com/en/about-svolt/).
44. **[^](#cite_ref-44)**["Mercedes-Backed Farasis Says Silicon Boosts Battery Energy 25%"](https://www.bloomberg.com/news/articles/2021-10-07/mercedes-backed-farasis-says-silicon-boosts-battery-energy-25). Bloomberg News. 7 October 2021.
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48. **[^](#cite_ref-48)**Archived at [Ghostarchive](https://ghostarchive.org/varchive/youtube/20211211/1bF6TqCF7OA) and the [Wayback Machine](https://web.archive.org/web/20210602215014/https://www.youtube.com/watch?v=1bF6TqCF7OA&sns=fb): [_How to Make Free Energy with Magnet 100% Proof_](https://www.youtube.com/watch?v=1bF6TqCF7OA&sns=fb) – via [YouTube](/wiki/YouTube "YouTube").
49. **[^](#cite_ref-49)**["Oliver Wyman – Global Management Consulting Experts"](http://www.oliverwyman.com/ow/pdf_files/OW_UTL_EN_2009_Electric_Vehicle_Market.pdf)(PDF). [Archived](https://web.archive.org/web/20110724042555/http://www.oliverwyman.com/ow/pdf_files/OW_UTL_EN_2009_Electric_Vehicle_Market.pdf)(PDF) from the original on 24 July 2011. Retrieved 11 April 2011.
50. **[^](#cite_ref-50)**Liao, Yuanhong (1 July 2022). ["Intention of consumers to adopt electric vehicle in the post-subsidy era: evidence from China"](https://www.tandfonline.com/doi/full/10.1080/15568318.2021.1918297). _International Journal of Sustainable Transportation_. **16** (7): 647–659. [Bibcode](/wiki/Bibcode_(identifier) "Bibcode (identifier)"): [2022IJSTr..16..647L](https://ui.adsabs.harvard.edu/abs/2022IJSTr..16..647L). [doi](/wiki/Doi_(identifier) "Doi (identifier)"): [10.1080/15568318.2021.1918297](https://doi.org/10.1080%2F15568318.2021.1918297). [ISSN](/wiki/ISSN_(identifier) "ISSN (identifier)") [1556-8318](https://search.worldcat.org/issn/1556-8318). [S2CID](/wiki/S2CID_(identifier) "S2CID (identifier)") [235559237](https://api.semanticscholar.org/CorpusID:235559237).
51. **[^](#cite_ref-51)**Wang, Xintong (6 February 2024). ["China Approves Mercedes and BMW Charging Network Venture - Caixin Global"](https://www.caixinglobal.com/2024-02-06/china-approves-mercedes-and-bmw-charging-network-venture-102164475.html). _Caixin Global_.

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