China’s EV market: The rise of the global bellwether
In the last decades, China transformed the global auto industry. In 2024, it sold over 11 million electric vehicles (EVs), marking a nearly 40% year-on-year increase that left the rest of the world scrambling to keep up. Driven by aggressive state support, China claimed 53.6% of all global battery electric vehicle (BEV) sales and a […]
Innovating for the Chinese luxury car market’s electronic vehicle era
Since China began to produce large-scale luxury cars in 2009, the local automotive market has rapidly grown to become the largest in the world, even surpassing the US in terms of sales and production. The Chinese luxury car market size was valued at USD 195 billion in 2024, and this market is experiencing a surge […]
Uncovering China’s booming automotive market
China has remained the world’s largest automotive manufacturing country and automotive market since 2009. In 2024, around 27.6 million passenger cars and 3.87 million commercial vehicles are expected to be sold in China. Vehicle sales in the country were expected to regain growth after 2021, following the COVID-19 pandemic, during which it experienced three consecutive […]
Chinese battery market: The road to global energy leadership
The country’s dominance is intensifying, not just in absolute production but in its share of global sales. In 2024, China produced over three-quarters of the batteries sold globally. In the EV industry, Chinese battery producers supplied 95% of EV batteries sold in China, 38% in the European Union, and 15% in the rest of the […]
China’s automotive industry adapting to worldwide export hurdles
As the largest automotive market in the world, China leads globally in both automotive sales and production. With the domestic market becoming increasingly saturated, China is increasingly focusing on exporting automotive products overseas. According to the Nikkei Asian Review, China’s automotive industry abroad have ranked first globally for two consecutive years. The automotive export industry […]
Tesla in China: Record sales amid rising challenges
In 2024, Tesla achieved over 657,000 vehicle sales in China. This marks a year-on-year growth of approximately 8.8% and setting a new record. According to data from China EV DataTracker, the Model Y became the best-selling car model in China in 2024, with a total of 480,309 units sold. Encouraged by this strong performance, the […]
Generation Z women transform China’s motorcycle market as two-wheeler aesthetics hits mainstream
Embracing the thrill of motor travel and motocross has evolved into a cultural phenomenon. On popular platforms such as Xiaohongshu, “motorcycle” yields over 3.93 million notes, while on Weibo, the motorcycle topic boasts 28,000 posts and 387,000 followers, securing the sixth position in the automotive category. Douyin further amplifies this trend, with motorcycle-related videos garnering […]
China’s EV brands: Leading the electric mobility revolution with technological innovation and a consumer-centric approach
Electric Vehicles (EVs) are automobiles that are powered either entirely or mostly by electricity. EVs are particularly environmentally friendly since they consume little to no fossil fuels (gasoline or diesel), resulting in significantly reduced emissions. Moreover, EVs have fewer moving components, leading to lower maintenance requirements and low operating expenses. In China, over 94 brands […]