2023 and declining slightly in 2024. This reflects the growing brand influence of automakers.   By company, the ranking in 2024 was not much different from that in 2023. The competitive framework among battery manufacturers remains characterized by the relative dominance of two companies, CATL and BYD, which have together accounted for 70% of the market share over the past five years. BYD's market share declined slightly. One reason for this is ...

Market & Tech Reports  Updated at: 2025/06/12

egy.   Related reports:Mexico: Chinese vehicles account for 30% of imports and 20% of sales (Jun. 2024) Business Trends of Chinese Parts Suppliers in Mexico (May. 2024)Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan (Jun. 2023)Chinese OEM Overseas Expansion Activities: BYD, Geely, Great Wall, NIO, Xpeng (Apr. 2023)   Mexico's light vehicle sales and imports(Source: Created by MarkLines based on INEGI data) ...

Market & Tech Reports  Updated at: 2025/04/30

202501 Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (November 2024) Electric vehicle sales in November increase 40.0% y/y to 1,750,000 units https://www.marklines.com/en/report/statistics_evsales_202411 Thailand International Motor Expo 2024 (1) Chinese OEMs Chery, Changan, Geely, SAIC, GAC, BYD, and others https://www.marklines.com/en/report/rep2776_202412 ASEAN Vehicle Sales and Production Update (Q3 2024) ASEAN Countries Automotive News...

Market & Tech Reports  Updated at: 2025/02/25

ts number of employees has already exceeded 1 million. It has 11 major research institutes, employs 110,000 engineers, and files an average of 32 patent applications per day.   Related reports:BYD: Intelligent Control Technology Platform "e3” (Oct. 2024)Chinese OEM Overseas Expansion Activities: BYD, Geely (Sep. 2024)BYD 5th Generation PHEV Technology (Oct. 2024)BYD's e-Platform 3.0 Evo (Jul. 2024)Auto China 2024: BYD (May 2024)2024 BYD Dream...

Market & Tech Reports  Updated at: 2025/02/18

he previous month, but a 13.2% increase compared to December 2023. In December, the market share of HVs was 7.2%. Cumulative sales of HVs in 2024 was 4.93 million units, an increase of 17.0% from the previous year, and their share of total automobile sales was 7.8%.   In 2024, Chinese OEMs, led by BYD, saw a significant increase in sales volumes. On the other hand, in response to the slowdown in demand for EVs in various countries, OEMs, particu...

Market & Tech Reports  Updated at: 2025/01/24

ve vehicle markets such as Australia, New Zealand, the UK, and South Africa. In addition, the company is planning to prepare for entry into the European market with the aim to achieve sales exceeding 300,000 units in Europe by 2030.     Related reports: Chinese OEM Overseas Expansion Activities: BYD, Geely (Sep. 2024) GAIKINDO Indonesia International Auto Show 2024 (Aug.t 2024) Mexico: Chinese vehicles account for 30% of imports and 20% of sal...

Market & Tech Reports  Updated at: 2024/11/25

f the motor vehicle market in China.   This report presents significant trends and activities of major Chinese and foreign automakers in the Chinese market in the third quarter (Q3) of 2024. Chinese automakers are accelerating their efforts to strengthen the smart (intelligentization) sector, with BYD, Dongfeng Motor Corporation, Chongqing Changan Automobile Co., Ltd. , and Great Wall Motor Co., Ltd. forming partnerships with Huawei Technologies...

Market & Tech Reports  Updated at: 2024/11/05

increased 15.2% y/y to 3.092 million units, accounting for 7.8% of total vehicle sales volume.   On August 20, the European Commission published a draft proposal for countervailing duties on Chinese-made EVs. This is on top of the current import tariff of 10%, with additional tariffs of 17.0% for BYD, 19.3% for Geely, and 36.3% for SAIC Motor. An additional tariff of 21.3% will be imposed on automakers who cooperated with the EU investigation a...

Market & Tech Reports  Updated at: 2024/09/27

2024) (Aug. 2024) GAIKINDO Indonesia International Auto Show 2024 (Aug. 2024) Bangkok International Motor Show 2024 (3) VinFast, European OEMs (Apr. 2024)Bangkok International Motor Show 2024 (2) Japanese OEMs (Apr. 2024) Bangkok International Motor Show 2024 (1) Chinese OEMs (Apr. 2024) Indonesia: BYD, MG, Great Wall, Chery and VinFast entering EV market (Apr. 2024) Thailand: Chinese OEMs to build EV production facilities (Mar. 2024) ASEAN (2): ...

Market & Tech Reports  Updated at: 2024/09/04

nd the other they sponsored is the Indonesian International Motor Show (IIMS), which was most recently held from February 15th to 25th, 2024 and led by the exhibition organizer, PT. Dyandra Promosindo.   Finished vehicle automakers (OEMs) and brands participating in the event were Audi, BAIC, BMW, BYD, Chery, Citroen, Daihatsu, GAC Aion, Great Wall Motors (GWM), Honda, Hyundai, Jaecoo (Chery), Jetour, Kia, Lexus, Mazda, Mercedes-Benz, MG, Mini, ...

Market & Tech Reports  Updated at: 2024/08/30

nits sold. The AITO Wenjie M9 remains in 10th place, as it was in the previous month.   Although there were some fluctuations in the rankings, the top 10 ranking by model in May was exactly the same as April. All of the models other than BYD that were ranked in May are in a higher price range than BYD, which shows BYD's overwhelming strength in the low price range. BYD's price cuts implemented in February are seen to have significantly improved ...

Market & Tech Reports  Updated at: 2024/06/26

Indonesia: BYD, MG, Great Wall, Chery and VinFast entering EV market Tax incentives to continue, utilizing nickel to build EV ecosystem Summary Electrification policy: Tax incentives for EVs to continue in 2024 EV sales in Indonesia: 2023 sales increase 40% to 17,000 units Utilizing nickel ore to make Indonesia EV battery production hub Mitsubishi, Hyundai to increase production capacity, Citroen, BYD, Neta to start local manufacturing 2023 sales...

Market & Tech Reports  Updated at: 2024/04/12

obility Show 2023: Electrification Technologies (1) (Nov. 2023)IAA Mobility 2023: EVs from Chinese OEMs (Sep. 2023)TECHNO-FRONTIER 2023: BYD SEAL and other BEV teardown exhibitions (Aug. 2023)2023 China Automotive Forum: NEV Development Activities and Strategies (Aug. 2023)Shanghai Motor Show 2023: BYD, Great Wall Motor(May. 2023)Chinese OEM Overseas Expansion Activities: BYD, Geely, Great Wall, NIO, Xpeng (Apr. 2023)BYD: Launches Yangwang Premiu...

Market & Tech Reports  Updated at: 2023/12/28

ry companies IV. Emerging NEV lithium-ion battery manufacturers V. Status of Non-Chinese lithium-ion battery companies in China VI. Development trends of lithium-ion battery technology for NEVs in China VII. Product supply status of major lithium-ion battery suppliers in China OEMs: Tesla China, BYD, GAC Aion, Geely Auto, Changan Auto, NIO, Li Auto, XPeng, SAIC-GM-Wuling, Great Wall Motor, SAIC Passenger Vehicle, FAW-VW, BAIC BJEV, SAIC VW, Ch...

Market & Tech Reports  Updated at: 2023/06/23

Africa, the Commonwealth of Independent States (CIS), Russia, and Pakistan.   This report summarizes recent major developments in the global market for the Chinese government-affiliated manufacturers SAIC, Chery, Dongfeng, and Changan.   Related Reports:Chinese OEM Overseas Expansion Activities: BYD, Geely, Great Wall, NIO, Xpeng (Apr. 2023) Changan Auto: Target Sales of 2.8M Units in 2023, Rolling Out Multiple Electric Powertrains (Mar. 2023)...

Market & Tech Reports  Updated at: 2023/06/19

(CAAM), sales are expected to increase by about 3% in 2023.   By corporate group, the top three groups in sales are SAIC, FAW, and Dongfeng, the same as in 2021. In fourth place is the GAC Group, whose own-brand NEVs are performing well. Changan Automobile Group took fifth place, and in sixth was BYD, which boasts sales approximately 2.5 times higher than in 2021.   In the passenger car market, Chinese manufacturers performed well with 11,949,...

Market & Tech Reports  Updated at: 2023/02/14

Times to 2.6 Million Units (Aug.2022）Chinese Market Q2 2022: Chinese Automakers Focus on Improving Production Systems for Drive Batteries（Jul.2022）Chinese Market Q1 2022 (2): Major non-Chinese OEMs restructure joint ventures and localize R&D（May.2022）Chinese Market Q1 2022 (1): SAIC, FAW, BYD, etc. accelerate development in battery and energy fields（May.2022）   This report is for customer members only. 8 pages remaining.Read more a...

Market & Tech Reports  Updated at: 2023/01/26

and Toyota Promoting FCVs (Nov. 2022)2022 H1 China market: Sales Down to 12.05 Million Units, but NEVs Up 2.2 Times to 2.6 Million Units (Aug. 2022)Chinese Market Q2 2022: Chinese Automakers Focus on Improving Production Systems for Drive Batteries (Jul. 2022)Chinese Market Q1 2022 (1): SAIC, FAW, BYD, etc. accelerate development in battery and energy fields (May. 2022)SAIC: Investing CNY 300 billion in smart EVs, transforming into a user-orient...

Market & Tech Reports  Updated at: 2023/01/17

nd Geely, plans to launch its first model in 2023, while Xiaomi Automobile Co. Ltd. (Xiaomi Auto) plans to mass produce its first model in 2024. Related reports：China Emerging EV Automakers (1): Expanding Production and Promoting Carbon Neutrality (Jun. 2022)Chinese Market Q1 2022 (1): SAIC, FAW, BYD, etc. accelerate development in battery and energy fields (May. 2022)Chinese market Q4 2021 (2)： Honda, BMW and Audi announce electrification st...

Market & Tech Reports  Updated at: 2022/06/23

ertification organization, was awarded to BYD in China. It was also approved to build the first corporate headquarters Zero Carbon Park in 2022, setting a new benchmark for energy conservation in the industry.     (Units) Brand Vehicle type Model 2018 2019 2020 2021 BYD Sedan / Hatchback BYD e5 46,213 29,311 103 1,544 e1 0 7,470 1,771 243 e2 0 7,319 19,616 34,265 e3 0 1,649 2,820 3,842 F0 793 0 0 0 F3 47,573 21,390 10,338 29,177 ...

Market & Tech Reports  Updated at: 2022/03/04