China’s electric vehicle market, a rising global leader in EV technology
China’s Electric Vehicle (EV) market is poised for exponential growth, fueled by clean energy initiatives and robust government backing. With an estimated revenue of US$ 292.1 billion in 2023, the market is set to experience a compound annual growth rate (CAGR) of 6.38% from 2023 to 2028. In terms of vehicle types, EVs can be […]
Byton, the Chinese electric car brand going global
Climate change forces us to rethink transportation, electric vehicles might be one of the solutions. It is only the prelude of the technology but some brands like Tesla are already overwhelming the sector. The Chinese auto market is one of the biggest in the world. Byton is a Chinese brand with high ambitions. The company […]
Lexus in China: Past success and recent crisis
In 2019, Lexus in China sold over 200 thousand vehicles, with 25% growth year-on-year. 2019 was the third year that Lexus has a sales growth of more than 20% and was the year in which Lexus sole its millionth vehicle in China. Lexus China’s recent success is reflective of China’s luxury car market, which also […]
BP and Didi partnership to make an EV charging network in China | Daxue Consulting
The goal of the BP and Didi partnership is to build electric vehicle (EV) charging infrastructure in China, the world’s largest market for electric vehicles. The new joint venture plans to develop a network of EV charging hubs across the country. DiDi is the world’s leading multi-modal transportation platform, offering users a full range of app-based […]
Car market in China show interesting development
Car market in China show interesting development Demand for luxury durables Due to fast growth and rapidly shrinking middle class, luxury durables gain its popularity in China. In particular, car market in China is supposed to be the largest and fastest growing in the world due to increasing demand over the last few years. “Love […]
Market Research on Car sales in China
Market Research on Car sales in China [more about market research in China] China` spectacular economic growth over the past 20 years has been reflected in the emergence of the world`s fastest growing consumer market and a vibrant, burgeoning middle class. As incomes in China have risen, so have Chinese consumers` interest in products that […]
What is the power of China manufacturing associations?
What is the power of China manufacturing associations? Chinese industry is booming for many years. During this period, China improves its influence in many sectors, taking advantage of its industrial superpower. But in domestic market, how the powerful manufacturing players have evolved following this rocketing growth? There are many associations which have been created and […]