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The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) [1] and more than 1.5 million exports in 2023. [2] In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs (battery-only EVs) and 2.79 million PHEV ...
BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [13] Since 2009, BYD's automotive business has contributed over 50% of its revenue. By 2023, it contributed over 80% of the company's total revenue.
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. [69] [70] BYD also held a 36% market share in the new energy vehicle segment in China as of September 2023. [71]
BYD, China’s largest EV manufacturer, aims to double the number of its dealer partners in Europe to 200 this year, Li Yunfei, a BYD spokesman, told reporters in Munich Tuesday.
China is the world’s largest EV market—and the most competitive. Sales of “new energy vehicles,” which includes both hybrids and battery EVs, expanded by 38% last year to reach 9.49 ...
The company even overtook Tesla as the world's largest seller of battery electric vehicles. In a late January stock filing, BYD said it expected a 2023 profit of 29 billion to 31 billion yuan ($4 ...
There are hundreds of automobile manufacturers operating in China, the country with the largest automotive industry in the world. It includes state-owned manufacturers, privately owned manufacturers, foreign manufacturers, and joint ventures between local and foreign manufacturers.
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 ...