China’s automobile industry has been around for over 50 years. The revolutionary development of the Chinese automobile industry began in the 1990s. At present, Chinese auto brands produce a full line of automotive products.
Since 2009, China has been the world’s largest auto market and the world’s largest automaker producing more vehicles each year than the next two automakers (USA and Japan) taken together, or more than all EU countries combined. In 2013, for the first time in the world history of auto production for any country, China produced more than 20 million vehicles.
In addition, China is the world’s largest producer and market for new energy vehicles, as well as the world’s largest manufacturer of batteries and motors for electric vehicles.
At the end of 2021, car exports from China amounted to more than 2 million cars (doubling compared to 2020).
As of 2021, the top 10 Chinese companies by number of vehicles sold are as follows: Great Wall Motors, Dongfeng Motor, BAIC Group, SAIC Motor, FAW Group, Changan Automobile, BYD, Guangzhou Automobile Industry Group, Chery Automobile, Geely Holding Group
In 2012, the PRC launched a government transition program to alternative fuel vehicles or "new energy sources" (NEV), including both electric vehicles (BEV) and hybrid vehicles (HEV hybrid and PHEV...
The significant rise in oil prices and the continuous toughening of requirements to ecologic properties of cars are two of the main factors that have created unprecedented demand for hybrid and...
Are Hybrid Cars Expensive?
Most commonly, hybrid cars are somewhat more expensive than their twin models running on gasoline. However, over time, due to the fact that the fuel...
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