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 […]