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In September 2022, BYD became the first carmaker in China to build one million new energy vehicles in a single year. [68] By 2023, BYD continued to be the world's largest plug-in hybrid electric vehicle manufacturer and the second-largest battery electric vehicle manufacturer (after Tesla), with global market shares of 21.4% and 15%, respectively.
BYD Auto was founded in January 2003 by BYD owner Wang Chuanfu, following BYD's acquisition of Xi'an Qinchuan Automobile. [56] It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces electric buses and trucks.
Other Chinese car manufacturers, both from public and private sectors, like Geely, BAIC, BYD, Chery, GAC, Great Wall, JAC and Seres emerged as the major players with the expansion of Chinese automotive industry. The article is the introduction of major manufacturers and brands of China, for the full list see List of automobile manufacturers of ...
More worrying for U.S. automakers, several Chinese EV makers plan to build factories south of the border. That’s concerning because Mexico has a free trade agreement with the U.S. and Canada ...
Below is a list of major car company joint ventures ever existed in mainland China (truck and coach JVs not included). Early 1980s-90s CKD assembly agreements are not included as the production numbers are typically negligible compared to later JV efforts. Technology transfer agreements to domestic brands are also not included.
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A Roewe eRX5 electric car charging. New energy vehicles in China are distinguished by its light green license plate. China encourages the development of clean and fuel-efficient vehicles in an effort to sustain the continued growth of the country's automobile industry (see Fuel economy in automobiles). By the end of 2007, China plans to reduce ...