Electric Vehicle Market in China 2025-2029

Description

List of Tables

The electric vehicle market in China is forecasted to grow by USD 419 billion during 2024-2029, accelerating at a CAGR of 18.3% during the forecast period. The report on the electric vehicle market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for fuel-efficient and low-emission vehicles, increasing government initiatives in manufacturing electric vehicles, and rise in technological advancements in electric vehicles.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	16.5%
CAGR	18.3%
Incremental Value	$419 bn

Technavio's electric vehicle market in China is segmented as below:

By Type

Passenger vehicles
Commercial vehicles

By Technology

BEV
PHEV

By Vehicle Type

Front wheel drive
Rear wheel drive
All wheel drive

By Geographical Landscape

APAC

This study identifies the increasing integration of renewable energy for electric vehicle (EV) charging as one of the prime reasons driving the electric vehicle market in China growth during the next few years. Also, increasing average miles driven by electric vehicles (EVs) on single charge and growing number of mergers and acquisitions will lead to sizable demand in the market.

The report on the electric vehicle market in China covers the following areas:

Electric Vehicle Market in China sizing
Electric Vehicle Market in China forecast
Electric Vehicle Market in China industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle market in China vendors that include AB Volvo, BAIC Group, Brilliance China Automotive Holdings Ltd., BYD Co. Ltd., Chery Automobile Co. Ltd., China FAW Group Co. Ltd., Chongqing Changan Automobile Co. Ltd., China Dong Feng Motor Industry Imp. and Exp. Co. Ltd., Great Wall Motor Co. Ltd., Guangzhou Automobile Group Co. Ltd, Hyundai Motor Co., Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., Tesla Inc., Toyota Motor Corp., Xiamen King Long United Automotive Industry Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., Zhengzhou Yutong Group Co. Ltd., Zhongtong Bus, and Zotye Holding Group Co. Ltd.. Also, the electric vehicle market in China analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR76345

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China: Year-over-year growth 2024-2029 (%)
- Data Table on China: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Electric Vehicle Market in China 2019 - 2023
- Historic Market Size - Data Table on Electric Vehicle Market in China 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ billion)
5.4 Vehicle Type segment analysis 2019 - 2023
- Historic Market Size - Vehicle Type Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 The AI impact on Electric Vehicle Market in China

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Passenger vehicles - Market size and forecast 2024-2029
- Chart on Passenger vehicles - Market size and forecast 2024-2029 ($ billion)
- Data Table on Passenger vehicles - Market size and forecast 2024-2029 ($ billion)
- Chart on Passenger vehicles - Year-over-year growth 2024-2029 (%)
- Data Table on Passenger vehicles - Year-over-year growth 2024-2029 (%)
8.4 Commercial vehicles - Market size and forecast 2024-2029
- Chart on Commercial vehicles - Market size and forecast 2024-2029 ($ billion)
- Data Table on Commercial vehicles - Market size and forecast 2024-2029 ($ billion)
- Chart on Commercial vehicles - Year-over-year growth 2024-2029 (%)
- Data Table on Commercial vehicles - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

9 Market Segmentation by Technology

9.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
9.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
9.3 BEV - Market size and forecast 2024-2029
- Chart on BEV - Market size and forecast 2024-2029 ($ billion)
- Data Table on BEV - Market size and forecast 2024-2029 ($ billion)
- Chart on BEV - Year-over-year growth 2024-2029 (%)
- Data Table on BEV - Year-over-year growth 2024-2029 (%)
9.4 PHEV - Market size and forecast 2024-2029
- Chart on PHEV - Market size and forecast 2024-2029 ($ billion)
- Data Table on PHEV - Market size and forecast 2024-2029 ($ billion)
- Chart on PHEV - Year-over-year growth 2024-2029 (%)
- Data Table on PHEV - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Technology
- Market opportunity by Technology ($ billion)
- Data Table on Market opportunity by Technology ($ billion)

10 Market Segmentation by Vehicle Type

10.1 Market segments
- Chart on Vehicle Type - Market share 2024-2029 (%)
- Data Table on Vehicle Type - Market share 2024-2029 (%)
10.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
10.3 Front wheel drive - Market size and forecast 2024-2029
- Chart on Front wheel drive - Market size and forecast 2024-2029 ($ billion)
- Data Table on Front wheel drive - Market size and forecast 2024-2029 ($ billion)
- Chart on Front wheel drive - Year-over-year growth 2024-2029 (%)
- Data Table on Front wheel drive - Year-over-year growth 2024-2029 (%)
10.4 Rear wheel drive - Market size and forecast 2024-2029
- Chart on Rear wheel drive - Market size and forecast 2024-2029 ($ billion)
- Data Table on Rear wheel drive - Market size and forecast 2024-2029 ($ billion)
- Chart on Rear wheel drive - Year-over-year growth 2024-2029 (%)
- Data Table on Rear wheel drive - Year-over-year growth 2024-2029 (%)
10.5 All wheel drive - Market size and forecast 2024-2029
- Chart on All wheel drive - Market size and forecast 2024-2029 ($ billion)
- Data Table on All wheel drive - Market size and forecast 2024-2029 ($ billion)
- Chart on All wheel drive - Year-over-year growth 2024-2029 (%)
- Data Table on All wheel drive - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ billion)
- Data Table on Market opportunity by Vehicle Type ($ billion)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview
13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
- Overview on factors of disruption
13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered
14.2 Company ranking index
- Company ranking index
14.3 Market positioning of companies
- Matrix on companies position and classification
14.4 AB Volvo
- AB Volvo - Overview
- AB Volvo - Business segments
- AB Volvo - Key news
- AB Volvo - Key offerings
- AB Volvo - Segment focus
- SWOT
14.5 BAIC Group
- BAIC Group - Overview
- BAIC Group - Product / Service
- BAIC Group - Key offerings
- SWOT
14.6 Brilliance China Automotive Holdings Ltd.
- Brilliance China Automotive Holdings Ltd. - Overview
- Brilliance China Automotive Holdings Ltd. - Product / Service
- Brilliance China Automotive Holdings Ltd. - Key offerings
- SWOT
14.7 BYD Co. Ltd.

ByD Co. Ltd. - Overview

ByD Co. Ltd. - Business segments

ByD Co. Ltd. - Key news

ByD Co. Ltd. - Key offerings

ByD Co. Ltd. - Segment focus

SWOT

14.8 Chery Automobile Co. Ltd.
- Chery Automobile Co. Ltd. - Overview
- Chery Automobile Co. Ltd. - Product / Service
- Chery Automobile Co. Ltd. - Key offerings
- SWOT
14.9 China FAW Group Co. Ltd.
- China FAW Group Co. Ltd. - Overview
- China FAW Group Co. Ltd. - Product / Service
- China FAW Group Co. Ltd. - Key offerings
- SWOT
14.10 Chongqing Changan Automobile Co. Ltd.
- Chongqing Changan Automobile Co. Ltd. - Overview
- Chongqing Changan Automobile Co. Ltd. - Product / Service
- Chongqing Changan Automobile Co. Ltd. - Key offerings
- SWOT
14.11 China Dong Feng Motor Industry Imp. and Exp. Co. Ltd.
- China Dong Feng Motor Industry Imp. and Exp. Co. Ltd. - Overview
- China Dong Feng Motor Industry Imp. and Exp. Co. Ltd. - Business segments
- China Dong Feng Motor Industry Imp. and Exp. Co. Ltd. - Key offerings
- China Dong Feng Motor Industry Imp. and Exp. Co. Ltd. - Segment focus
- SWOT
14.12 Great Wall Motor Co. Ltd.
- Great Wall Motor Co. Ltd. - Overview
- Great Wall Motor Co. Ltd. - Product / Service
- Great Wall Motor Co. Ltd. - Key offerings
- SWOT
14.13 Guangzhou Automobile Group Co. Ltd
- Guangzhou Automobile Group Co. Ltd - Overview
- Guangzhou Automobile Group Co. Ltd - Product / Service
- Guangzhou Automobile Group Co. Ltd - Key offerings
- SWOT
14.14 SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. - Overview
- SAIC Motor Corp. Ltd. - Business segments
- SAIC Motor Corp. Ltd. - Key offerings
- SAIC Motor Corp. Ltd. - Segment focus
- SWOT
14.15 Zhejiang Geely Holding Group Co. Ltd.
- Zhejiang Geely Holding Group Co. Ltd. - Overview
- Zhejiang Geely Holding Group Co. Ltd. - Product / Service
- Zhejiang Geely Holding Group Co. Ltd. - Key offerings
- SWOT
14.16 Zhengzhou Yutong Group Co. Ltd.
- Zhengzhou Yutong Group Co. Ltd. - Overview
- Zhengzhou Yutong Group Co. Ltd. - Product / Service
- Zhengzhou Yutong Group Co. Ltd. - Key offerings
- SWOT
14.17 Zhongtong Bus
- Zhongtong Bus - Overview
- Zhongtong Bus - Product / Service
- Zhongtong Bus - Key offerings
- SWOT
14.18 Zotye Holding Group Co. Ltd.
- Zotye Holding Group Co. Ltd. - Overview
- Zotye Holding Group Co. Ltd. - Product / Service
- Zotye Holding Group Co. Ltd. - Key offerings
- SWOT

15 Appendix

15.1 Scope of the report
15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
15.3 Currency conversion rates for US$
- Currency conversion rates for US$
15.4 Research methodology
- Research methodology
15.5 Data procurement
- Information sources
15.6 Data validation
- Data validation
15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
15.8 Data synthesis
- Data synthesis
15.9 360 degree market analysis
- 360 degree market analysis
15.10 List of abbreviations
- List of abbreviations