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 […]
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 […]
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 […]
Powering the future: China’s battery market illuminating the global stage
The global battery market size was valued at USD 104.31 billion in 2022. In the same year, the Chinese battery market solidified its dominance, securing a 60.4% market share among the top 10 global companies in vehicle power battery installations and its battery production capacity surpassed that of the rest of the world. China’s rapid […]
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 […]
Inside Chinese car market: the rise of homegrown players and the impact of Covid-19
Chinese car market is one of the biggest and most developed markets in the world. In 2021, more than 26.7 million vehicles were sold in the country. China contributed to more than 32% of the world car production in 2021. Having a gross output of more than 10 trillion RMB (1.4 trillion USD) in 2021, […]
Strong competition and constant innovation mark Chinese luxury car market
Since China began to produce cars in 2009, the local automotive market rapidly became the largest in the world, even surpassing the US in terms of sales and production. To this day, Chinese luxury car market is still very profitable, worth more than 160 million USD. In Q1 2022, Chinese car brands accounted for 42.9% of […]