Navigating China’s automotive revolution: Strategies for foreign firms amid the rise of Chinese automotive OEMs
Over the past two decades, China’s automotive industry has undergone a transformative evolution and emerged as the world’s largest and most dynamic market. With around 150 automotive companies, one-third of which are joint ventures and the rest domestic brands, the industry is highly competitive and rapidly evolving. Rapid urbanization, sustained economic growth, and aggressive government […]
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 […]
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 […]