The electric vehicle industry in China is the largest in the world, accounting for more than 70% of global production of electric vehicles (EVs) and 67% of global sales in 2024 and more than 2.62 million exports in 2025. In 2025, CAAM reported China had sold 16.49 million passenger electric vehicles, In 2024, 60% of EV sales were battery electric vehicles (BEVs) and 40% were plug-in hybrid electric vehicles (PHEVs). China also dominates the electric bus and light commercial vehicle market, reaching over 500,000 buses (95% of global stock) and recording new sales of 447,000 commercial EVs in 2023. In 2025, 51% of sales of vehicles in the automobile market in China were electric vehicles.
Plug-in electric vehicle (BEV and PHEV) sales were 47.9% of the overall automotive sales in China in 2024. This is a significant increase from 2020, when plug-in electric vehicles accounted for only 6.3% of total sales. The plug-in market in China was dominated by Chinese companies, with BYD Auto and SAIC Motor occupying the top two spots, and 5 out of the top 7 spots.
The electric battery industry is closely related to the EV industry as EV batteries constitute around 1/3 of the cost of EVs and around 80% of lithium-ion batteries in the world are used in EVs. The industry also has significant Chinese presence, with major players including world's largest CATL, BYD FinDreams, CALB, Gotion, SVOLT and EVE Energy.
History
Electric vehicle manufacturers
Plug-in electric vehicle (BEV and PHEV) sales was 15% of the overall automotive sales in China in 2021. NEV adoption rapidly increased to a record 28% in March 2022, and according to BYD chairman Wang Chuanfu could reach 35% by end of 2022, exceeding the government goal of 20% by 2025. The plug-in market in China was dominated by Chinese companies, with BYD Auto and SAIC Motor occupying the top two spots, and 5 out of the top 7 spots.
It is difficult to estimate the comparative size of EV companies in China as foreign companies such as Tesla and VW have significant sales and manufacturing in China, while Chinese companies such as BYD have significant overseas sales. Some Chinese companies also have foreign-based subsidiaries such as Geely, which owns Polestar and Lynk & Co.
According to Bloomberg, there were 500 Chinese electric car manufacturers in China in 2019. After fierce competition, only 100 manufacturers remained by 2023. According to Wired, as many as 300 manufacturers, both domestic and international, were offering electric vehicles in China in 2023.
Foreign companies
Tesla opened its first "Gigafactory" outside the United States in Shanghai, China, in 2019. Giga Shanghai was the first automobile factory in China fully owned by a foreign company, and was built in less than 6 months, becoming Tesla's main export hub. In November 2021, total production was 56,965 vehicles and capacity was estimated to be nearing 700,000 vehicles per year, becoming the largest of the Tesla factories. There is an expansion planned to increase capacity to up to 1.1 million in 2022, and possibly 2 million in the future, becoming the company's largest plant by far.
Volkswagen manufactures electric vehicles in China through joint ventures such as Volkswagen Anhui (formerly JAC-VW), SAIC-VW (Anting), FAW-VW (Foshan), producing vehicles based on the Volkswagen MEB platform. Capacity is expected to reach a total of 1 million by 2023, around 20% of Volkswagen's total automotive production in China.
On 26 July 2023, the Volkswagen Group announced its investment of $700 million in XPeng for purchasing 4.99% stake of the company. The VW Group will collaborate with XPeng to develop two VW brand electric models for the mid-size segment in the Chinese market in 2026. In February 2024, XPeng and Volkswagen Group signed a technology cooperation and joint development agreement on platform and software.
On 26 October 2023, Stellantis acquired "approximately 20%" of Chinese electric vehicle manufacturer Leapmotor in a transaction worth €1.5 billion. Under the terms of the agreement, Stellantis gained exclusive rights to sell, export, and manufacture Leapmotor products outside of China under the newly established joint venture Leapmotor International, of which Stellantis holds 51% of the capital.
Domestic companies As of at least 2024, the Chinese EV industry is in a strong competitive position in the developing world market, including southeast Asia. Many southeast Asian countries have made policy changes in an effort to attract investment from Chinese automakers.
BYD Auto
BYD Auto Co., Ltd. is the automotive subsidiary of the Chinese multinational BYD Co Ltd, headquartered in Xi'an, Shaanxi Province. It was founded in January 2003, following BYD Company's acquisition of Qinchuan Automobile Company in 2002. The company produces cars, buses, trucks, electric bicycles, forklifts and rechargeable batteries. The current model range of automobiles includes electric vehicles, plug-in hybrid vehicles and petrol engine vehicles.
It is the fourth largest plug-in electric vehicle (BEV and PHEV) company and fourth largest BEV company in the world, with 9.1% and 7% global market share respectively in 2021. The company is undertaking rapid expansion, with sales hitting over 100,000 per month in March 2022, and is expecting to sell between 1.5 million to 2 million plug-in EVs in 2022, around 3 to 4 times the volume in 2021, possibly overtaking current world leader Tesla.
The company also has a battery division, which is the world's fourth largest producer of EV batteries with a market share of 14.4% as of January 2024.
SAIC Motor
SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955, it is currently the largest of the "Big Four" state-owned Chinese car manufacturers, ahead of FAW, Dongfeng and Changan, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively.
The company produces and sells vehicles under its own branding, such as Maxus, MG, Roewe, Baojun (under SGMW), Wuling (under SGMW), Feifan, as well as under foreign-branded joint ventures such as SAIC-Volkswagen and SAIC-General Motors. In 2021, domestic-branded cars took 52% of sales. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Feifan.
It is currently a Fortune Global 100 company, ranked 60 on the list. Including SGMW, it is also the third largest plug-in electric vehicle (BEV and PHEV) company and second largest BEV company in the world, with 10.5% and 13% global market share respectively in 2021, selling under brand names such as Wuling, Baojun, Maxus, MG, Roewe and Feifan.
Great Wall Motor
Great Wall Motor Co., Ltd. (GWM) is a Chinese privately owned automobile manufacturer headquartered in Baoding, Hebei. Founded in 1984, it is currently the eighth largest automobile manufacturer in China, with 1.281 million sales in 2021.
The company produces and sells vehicles under its own branding, such as GWM, Haval, WEY, TANK, POER, ORA. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as ORA.
Named after the Great Wall of China, the company is China's largest producer of sport-utility vehicles (SUVs) and pick-up trucks. In 2021, it was the third largest Chinese plug-in electric vehicle manufacturer in the Chinese market, with 4% of market share, selling under brand names such as Ora and Haval.
GAC Group
Guangzhou Automobile Group Corp., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.
The company produces and sells vehicles under its own branding, such as Trumpchi, Aion, Hycan as well as under foreign-branded joint ventures such as GAC-Toyota, GAC-Honda, GAC-FCA (Jeep) and GAC-Mitsubishi. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Aion and Hycan.
In 2021, it was the fourth largest Chinese plug-in electric vehicle manufacturer in the Chinese market, with 4% of market share. It sold over 20,000 units of EVs in March 2022.
Geely
Zhejiang Geely Holding Group Co., Ltd (ZGH), commonly known as Geely, is a Chinese multinational automotive company headquartered in Hangzhou, Zhejiang. The company is privately held by Chinese billionaire business magnate Li Shufu. It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto subsidiary. Geely Auto is currently the seventh largest automobile manufacturer in China, with 1.328 million sales in 2021.
The company produces and sells vehicles under its own branding, such as Geely Auto, Geometry, Maple, Zeekr, under foreign-located subsidiaries, such as Volvo Cars, Polestar, Lynk & Co, Proton, Lotus as well as commercial only vehicles under the London EV Company, Ouling Auto and Yuan Cheng Auto (Farizon Auto) brands. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Geometry, Maple, Zeekr and Polestar.
The group sold over 2.2 million cars in 2021. The company sold over 17,926 plug-in electric vehicles in January 2022.
Other companies
Aiways Chery Changan Automobile Nio XPeng Li Auto Neta (Hozon Auto) Leapmotor AITO Xiaomi Auto Wuling Zeekr +Chinese major EV venture brands salesYearNioXpengNetaLeapmotorLiSeres201811,3484821,206 - - -201920,56516,60811,2121,0001,000 -202043,72827,04115,50910,26633,457 -202191,42998,15569,67443,12190,491 -2022122,486120,757152,073111,168133,24676,1802023160,038141,601127,496144,155376,030106,703
Longest ranges In 2024, Chinese EVs and ranges (average and 100 kWh, trend to in the lead position): 9. Weltmeister W6: on a single charge with its 88.5 kWh battery pack. 8. Hozon Neta S: with 77.4 kWh. 7. Zeekr 001: powered by 100 kWh. 6. Tesla Model S: . 5. XPeng P7: , 96.7 kWh. 4. Arcfox Alpha S: , 95 kWh. 3. GAC Aion LX Plus: , 144.4 kWh. 2. BYD Han EV: , 100 kWh. 1. NIO ET7: , 150 kWh semi-solid state battery pack.
Battery manufacturers
The battery industry is closely related to the EV industry as batteries constitute around 1/3 of the cost of EVs and around 80% of lithium-ion batteries in the world are used in EVs. It is estimated to be worth around $30 billion 2021 and expected to grow to around $127 billion by 2027, with demand expected to reach 3000 Gwh by 2030. Globally, manufacturing capacity is expected to increase to more than 5,500 GWh by 2030, including 3,000 GWh of capacity announced by Chinese manufacturers to date.
As of 2021, total demand of the market was 296.8 GWh, over double of the amount in 2020. As of Q1 2021, LFP type battery market share reached 24.1%, with Chinese manufacturers holding a near monopoly, and is expected to rise further to surpass NCM type batteries in 2028.
Domestic companies CATL
Contemporary Amperex Technology Co, (CATL) is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). With a market share of 32.6% in 2021, CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year. The company has a manufacturing capacity target of >500 GWh by 2025 and >800 GWh by 2030.
Other companies Companies listed include all battery manufacturers, some of which may not be involved in EV battery manufacturing. BYD 26.3 GWh (up 167.7%) and 8.8% share. Manufacturing capacity target of 670 Gwh by 2025 CALB 7.9 GWh (up 130.5%) and 2.7% share. Manufacturing capacity target of 500 Gwh by 2025 and 1000 Gwh by 2030.