New Energy Vehicle Market in China 2017-2021

  • ID: 4390820
  • Report
  • Region: China
  • 78 pages
  • TechNavio
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FEATURED COMPANIES

  • BAIC Motor Corporation
  • Chery
  • FAW Group Corporation
  • Geely Automobile Holdings
  • Volvo
  • Zhongtong Bus Holding
  • MORE
About New Energy Vehicle

New energy vehicles (NEVs) are the vehicles enabled with an electric powertrain and powered through a battery. These vehicles can bring down near to zero emissions and can achieve up to 100% propulsion by electricity. Hence, China is pushing the adoption of more NEVs to bring down the dependency on oil fuels from the Middle East, reduce fuel emissions, and bring low-cost safer vehicles on the road.

The analysts forecast the new energy vehicle market in China to grow at a CAGR of 36.13% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the new energy vehicle market in China for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The report, New Energy Vehicle Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BYD
  • Geely Automobile Holdings
  • Yutong
  • Zotye Auto
Other prominent vendors
  • BAIC Motor Corporation
  • Changan Automobile Company
  • Chery
  • Daimler
  • Dongfeng Motor Corporation
  • FAW Group Corporation
  • GAC MOTOR
  • SAIC Motor
  • Volvo
  • Shenzhen Wuzhoulong Motors
  • Zhongtong Bus Holding
Market drivers
  • Cost reductions in electric powertrain components
  • For a full, detailed list, view the full report
Market challenges
  • Charging load from EVs will impact the power grids and cause environmental pollutions
  • For a full, detailed list, view the full report
Market trends
  • Ultra-capacitors in EV energy storage system
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • BAIC Motor Corporation
  • Chery
  • FAW Group Corporation
  • Geely Automobile Holdings
  • Volvo
  • Zhongtong Bus Holding
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
  • Regulatory framework
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by vehicle type
  • Market overview
  • Market size and forecast
  • Passenger NEV market in China
  • Commercial NEV market in China
PART 07: Market segmentation by propulsion type
  • Market overview
  • Pure EVs market in China
  • PHEVs market in China
  • FCVs market in China
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends

PART 11: Vendor landscape
  • Competitive benchmarking
  • Other prominent vendors
PART 12: Key vendor analysis
  • BYD
  • Geely Automobile Holdings
  • Yutong
  • Zotye Auto
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: NEV charging technologies
Exhibit 02: NEV ecosystem in China
Exhibit 03: Who supplies whom matrix
Exhibit 04: NEV market in China
Exhibit 05: NEV market in China 2016-2021 (units in thousand)
Exhibit 06: Five forces analysis
Exhibit 07: NEV market in China by vehicle type 2016
Exhibit 08: NEV market in China by vehicle type 2021
Exhibit 09: Recent developments in Passenger NEV market in China
Exhibit 10: Passenger NEV Market in China 2016-2021 (units in thousand)
Exhibit 11: Commercial NEV market in China 2016-2021 (units in hundreds)
Exhibit 12: NEV market in China by propulsion type 2016
Exhibit 13: NEV market in China by propulsion type 2021
Exhibit 14: Pure EVs market in China 2016-2021 (units in thousand)
Exhibit 15: Top 6 pure EVs cars sold in China market 2016
Exhibit 16: PHEVs market in China 2016-2021 (units in thousand)
Exhibit 17: Top 5 PHEV cars sold in China market 2016
Exhibit 18: FCVs market in China 2016-2021 (units in thousand)
Exhibit 19: Average price of electric powertrain components 2016 and 2020
Exhibit 20: Benefits for manufacturers of NEVs in China
Exhibit 21: Advantages on purchase of NEVs in China
Exhibit 22: Cost comparison for a car to travel 100 km in China
Exhibit 23: CO2 emission by different sectors from fossil fuel combustion in China
Exhibit 24: Average monthly wages in China 2010-2015
Exhibit 25: Energy storage comparison- Ultra-capacitors and Li-ion battery
Exhibit 26: Competitive benchmarking of key vendors of NEV market in China
Exhibit 27: BYD: Product portfolio
Exhibit 28: BYD: Recent developments
Exhibit 29: Geely Automobile Holdings: Product portfolio
Exhibit 30: Geely Automobile Holdings: Recent developments
Exhibit 31: Yutong: Bus portfolio
Exhibit 32: Yutong: Recent developments
Exhibit 33: Zotye Auto: Product portfolio
Exhibit 34: Zotye Auto: Recent developments
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FEATURED COMPANIES

  • BAIC Motor Corporation
  • Chery
  • FAW Group Corporation
  • Geely Automobile Holdings
  • Volvo
  • Zhongtong Bus Holding
  • MORE
New Report Released: - New Energy Vehicle Market in China 2017-2021

The author of the report recognizes the following companies as the key players in the new energy vehicle market in China: BYD, Geely Automobile Holdings, Yutong, and Zotye Auto.

Other Prominent Vendors in the market are: BAIC Motor Corporation, Changan Automobile Company, Chery, Daimler, Dongfeng Motor Corporation, FAW Group Corporation, GAC MOTOR, SAIC Motor, Volvo, Shenzhen Wuzhoulong Motors, and Zhongtong Bus Holding.

Commenting on the report, an analyst from the research team said: “One trend in the market is ultra-capacitors in EV energy storage system. Ultra-capacitors used for energy storage and discharge function in the battery packs of EVs are a highly attracted futuristic trend. Trials have already started with electric powertrain buses globally, and China is the leading country in this innovation. China-based CRRC has already tested ultra-capacitors, and they are in use for powering its public transport buses, since 2008.”

According to the report, one driver in the market is cost reductions in electric powertrain components. The main components in electric powertrain compared to conventional ICE vehicles are the battery, electric controller, motor, and inverter. The supplier level cost of these components, except controllers, is going to decline during the forecast period, especially in China. This is due to the availability of abundant raw materials for motors, controllers, and battery manufacturing at lowest prices, which, in turn, increases the mass production of electric components. Thus, China is becoming the low-cost market globally, especially for NEV parts.

Further, the report states that one challenge in the market is charging load from EVs will impact the power grids and cause environmental pollutions. EVs have emerged as a proven solution for emission and pollution reduction, attracting public agencies and independent owners to shift to NEVs. However, with a higher number of vehicles on the road, with an average range of 60km per full charge, charging of EVs will draw a lot of power from grids, which is expected to have a huge impact on the grids and power supply. EVs obtain energy from the on-board Li-ion batteries, which have a low storage range. Hence, these vehicles need to be charged frequently.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • BYD
  • Geely Automobile Holdings
  • Yutong
  • Zotye Auto
  • BAIC Motor Corporation
  • Changan Automobile Company
  • Chery
  • Daimler
  • Dongfeng Motor Corporation
  • FAW Group Corporation
  • GAC MOTOR
  • SAIC Motor
  • Volvo
  • Shenzhen Wuzhoulong Motors
  • Zhongtong Bus Holding
Note: Product cover images may vary from those shown
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