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 […]
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 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 […]