China’s electric vehicle (EV) industry is redefining the global automotive landscape, with Chinese car brands now dominating the international stage. In 2023, China’s passenger vehicle exports surged, doubling in volume. By 2030, projections suggest that over 25 million Chinese electric cars will be sold annually, marking a monumental growth trajectory.
The rise of Chinese automakers is bolstered by strategic partnerships and joint ventures, both domestically and internationally. These companies are reshaping the market with direct-to-consumer omnichannel retail approaches and a focus on localized charging infrastructure development. Additionally, China’s commercial trucking industry is witnessing rapid electrification, driven by increasing cross-border eCommerce demands and freight needs.
At Frost & Sullivan, our comprehensive analyses delve into the Chinese electric vehicle industry landscape, helping you identify critical growth opportunities. Here are some of the key areas we explore:
Seizing Growth Opportunities for Chinese Electric Cars
How can you capitalize on the immense opportunities in a rapidly evolving EV ecosystem?
The rapid expansion of China’s electric vehicle industry is fueled by the emergence of domestic original equipment manufacturers (OEMs) and an uptick in consumer confidence in Chinese electric cars. While government incentives have successfully stimulated EV sales, the broader economic landscape remains a significant factor. Despite challenges, China’s electric car companies continue to present lucrative prospects for stakeholders.
Our growth analysis, “Growth Opportunities in China’s Electric Vehicle Industry, 2024–2030,” explores how industry players can leverage current and future trends. From policy shifts to emerging technologies, the study provides actionable strategies concerning the Chinese electric car industry. [Click here to access the full analysis]
Competitive Strategies of Chinese Automakers on the Global Stage
What strategies are Chinese electric car companies using to dominate global sales?
As the global EV ecosystem matures, Chinese automakers are rapidly expanding their presence across Europe, North America, and Asia. Chinese OEMs, including startups, are adopting innovative retail and aftersales strategies to maintain a competitive edge.
Our analysis, “Strategic Overview of Chinese EV OEMs’ Global Retail Approach,” reveals how these automakers are positioning themselves to outpace competitors worldwide.
Key areas of focus include:
- Retail and aftersales strategies of Chinese car companies across diverse geographies.
- Growth opportunities for OEMs and aftersales stakeholders.
- Competitive landscape analysis of Chinese car brands against their regional competitors.
- Stay ahead by exploring these transformative strategies and their impact on global markets.
[Click here to access the full analysis]
Harnessing Electrification in China’s Commercial Truck Industry
How can you harness the power of electrification to succeed in China’s commercial truck industry?
Commercial trucks play an essential role in sectors such as manufacturing, construction, and eCommerce. China’s electric truck industry is thriving, with leading Chinese truck companies driving sustainability and growth through electrification.
Our report, “China Commercial Truck Industry Growth Opportunities,” identifies the top five commercial truck OEMs, revealing the key factors shaping the future of the industry.
Key takeaways include:
- How China’s top electric truck companies are leading the electrification wave.
Transformative growth opportunities in commercial trucking for stakeholders to capitalize on.
COMPANIES TO WATCH IN CHINA’S AUTOMOTIVE LANDSCAPE
Foton
- Joint venture with Daimler Truck AG.
- 3% market share, focusing on light-duty vehicles.
Dongfeng
- Joint venture with Nissan (2003) and AB Volvo (45% stake acquired in 2013).
- 13% market share, with 56% of offerings being light-duty trucks.
CNHTC
- Subsidiaries include Sinotruk and Zhongtong Bus.
- 7% market share, with 68.5% of offerings being heavy-duty trucks.
Learn more about their strategic imperatives, transformative shifts, and how they’re driving innovation in China’s truck industry. Dive deeper into the growth strategies of Foton, Dongfeng, CNHTC, JAC and FAW Jiefang and understand how these industry leaders are shaping the future of Chinese electric trucks. [Click here to access the full analysis]
Just as these proactive companies are revolutionizing the automotive industry, are you ready to make your mark in the rapidly expanding Chinese electric car or commercial truck industries?
