Post by harrysadeepa on 2024-03-27

Published on: 27th Mar 2024

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The Chinese electric vehicle (EV) industry is experiencing rapid growth, with a market size estimated at USD 305.57 billion in 2024 and expected to reach USD 674.27 billion by 2029. This expansion is driven by the country's efforts to reduce exhaust emissions and its focus on developing sustainable transportation. China's EV market is dominated by major players like BAIC Motors, SAIC Motors, and BYD Co., with BYD leading due to increasing orders for its passenger cars and electric buses.

BYD

BYD Company ("Build Your Dreams") was founded in 1995 and started manufacturing rechargeable batteries in 2002. Now, BYD has two major subsidiaries as BYD Auto and BYD Electronic. They manufacture automobiles including cars, buses, electric bicycles, trucks, forklifts and electronic products like solar panels and rechargeable batteries. Later BYD became the largest Chinese manufacturer of all types of rechargeable batteries.In 2002 BYD Automobile Co Ltd was founded. They plan to focus on electric vehicles by 2022. BYD has factories in China, Brazil, Hungary, France

XPeng

XPeng was founded in 2014. Initial supporters included the founder of UCWeb and former Alibaba executive He Xiaopeng and Lei Jun, the founder of Xiaomi. Alibaba, Foxconn and IDG Capital had invested in XPeng.XPeng's subsidiary, XMotors.ai tested self-driving cars in California, united states between 2018 - 2020.In recent years XPeng has raised over US$1.5 billion from funding and has launched the P7 sedan, P5 subcompact sedan, G3i SUV

Nio

Nio is an automobile manufacturer founded in 2014. They specialize in designing and developing electric vehicles. They develop battery-swapping stations for their vehicles.They have the vision to make the battery to be a service rather than a permanent component of the car. This makes the price of the battery out of the price tag of the vehicle.In May 2018, Nio opened its first battery swap station.Nio also has tested self-driving cars in California, United States.Nio has a formula racing team called Nio 333 Racing. They have set five records for the fastest lap for an electric-powered car in the Nurburgring Nordschleife, Circuit Paul Ricard, Circuit of the Americas, and Shanghai International Circuit tracks.EP9 electric hypercar, ES8 SUV, ES6 SUV, ES7, EC6 SUV, EC7, ET7 sedan, ET5 compact sedan. EVE, ET Preview.

Great Wall Motor (GWM)

Great Wall Motor is the 8th largest automobile manufacturer in China and it was founded in 1984. They have a series of sub-brands under them as GWM, Haval, Wey, Tank, Poer and a brand dedicated to Evs as Ora.In 1984 they began as a truck production company. By 1993, they began producing a series of passenger vehicles. These included look-alikes similar to the Nissan Cedric Y30 sedan, Toyota Crown sedan

Li Auto

Li Auto is a premium electric SUV manufacturer created in 2015. They currently manufacture vehicles only for the Chinese market.
Li One, Li Auto L9, L8, L7.

SAIC

SAIC (Shanghai Automotive Industry Corporation) is a Chinese state-owned automobile manufacturer founded in 1955. SAIC is the largest one of the traditional 'Big Four' state-owned car manufacturers in China. The company manufactures vehicles under their own brands such as Rising Auto (Feifan), IM, Maxus, MG, Roewe, Baojun and Wuling. They also have joint ventures with Volkswagen, Skoda, Audi, Buick, Chevrolet and Cadillac (SAIC-Volkswagen, SAIC-General Motors).They produce Electric cars under those foreign ventures and dedicated EV brands such as Rising Auto (Feifan) and IM.SAIC-GM Wuling: Hongguang Mini EV, Nano EV, Air EV, Bingo.SAIC-GM Baojun: E100, E200, E300, Yep.SAIC-GM Buick: Electra E5.Roewe Clever, Roewe Marvel X

FAW Group

FAW Group is a Chinese state-owned automobile manufacturer founded in 1953. FAW is the 2nd largest one of the 'Big Four' car manufacturers in China. The company manufactures vehicles under their own brands such as Hongqi and Bestune. They also have joint ventures with Toyota, Volkswagen and Audi (FAW-Toyota, FAW-Volkswagen).They produce Electric cars under their Hongqi brand.Did you know? FAW became China's first automobile manufacturer as they unveiled the Hongqi in 1958, the first domestically produced passenger car in China.Hongqi E-HS3, E-HS9, E-QM5.Bestune E01, Bestune NAT.

Dongfeng Motor Corporation

Dongfeng Motor Corporation (DMC) is a Chinese state-owned automobile manufacturer founded in 1969. DMC is the 3rd largest one of the 'Big Four' car manufacturers in China. The company manufactures vehicles under their own brands such as Venucia, Fengdu, Voyah, Aeolus and Forthing. They also have joint ventures with Honda, Nissan and Peugeot-Citroën via their subsidiary Dongfeng Motor Group.They produce Electric cars under those foreign ventures and their own dedicated EV brands, Voyah and Dongfeng EV.Voyah Free, Voyah Dreamer, Voyah Zhuiguang.Aeolus E70.Dongfeng EX1, Dongfeng Nano Box.Dongfeng Liuzhou Motor; Fengxing SX6 EV, Fengxing S500 EV, Lingzhi M5 EV, Jingyi S50 EV.Venucia e30.

Changan Automobile

Changan Automobile is a Chinese state-owned automobile manufacturer founded in 1862. Changan is the 4th largest one of the 'Big Four' car manufacturers in China. The company manufactures vehicles under their own brands such as Changan, Oshan and Kaicene. They also have joint ventures with Ford and Mazda.They produce Electric cars under those foreign ventures and their own Changan and Kaicene brands.Did you know? Changan Automobile is the oldest

Based on Wikipedia, autogazzet,
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