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EVs & NEVs

新能源汽车

China dominates global EV production, accounting for over 60% of worldwide electric vehicle sales. The NEV (New Energy Vehicle) ecosystem spans battery manufacturing, motor systems, charging infrastructure, and autonomous driving.

Hubs

11

cities with this sector

Total Output

¥2608B

combined industry output

Companies

7,840

across all hubs

Employment

1507K

workers in sector

Key Statistics

NEV production

9.6M vehicles

2024

Global market share

~65%

2024

NEV penetration rate

47%

2024

Global Context

China produced 9.6 million NEVs in 2024, with BYD surpassing Tesla as the world's largest EV maker by volume.

Policy Drivers

  • NEV Industry Development Plan (2021-2035)
  • Dual Credit Policy
  • Provincial EV subsidies

Key Companies

BYD

比亚迪

1211.HK

World's largest NEV manufacturer by volume, vertically integrated from battery cells to complete vehicles.

Shenzhen, Guangdong

XPeng

小鹏汽车

XPEV

Smart EV maker focused on autonomous driving technology, with advanced ADAS and in-house LiDAR integration.

Shenzhen, Guangdong

NIO

蔚来

NIO

Premium EV brand known for battery swap technology, HQ relocated to Hefei after government rescue investment.

Hefei, Anhui

Dongfeng Motor (Wuhan)

东风汽车(武汉)

0489.HK

One of China's "Big Three" automakers, with major NEV production and autonomous driving R&D based in Wuhan.

Wuhan, Hubei

Li Auto

理想汽车

LI

Extended-range EV maker with primary manufacturing in Changzhou, known for family-oriented SUVs.

Changzhou, Jiangsu

Geely Automobile

吉利汽车

0175.HK

Major automaker and parent of Volvo Cars, Polestar, and Zeekr EV brand, with headquarters and R&D in Hangzhou.

Hangzhou, Zhejiang

GAC Aion

广汽埃安

GAC Group's dedicated NEV brand, one of China's fastest-growing EV makers with its own smart factory in Guangzhou.

Guangzhou, Guangdong

WeRide

文远知行

WRD

Leading autonomous driving startup operating robotaxi, robobus, and robovan services, with extensive road testing in Guangzhou.

Guangzhou, Guangdong

XPeng (Guangzhou HQ)

小鹏汽车(广州)

XPEV

Smart EV maker's Guangzhou headquarters and major manufacturing base, producing models with advanced autonomous driving features.

Guangzhou, Guangdong

Geely (Ningbo Mfg)

吉利(宁波基地)

0175.HK

Geely's major vehicle manufacturing base in Ningbo, producing Lynk & Co and Zeekr electric vehicles.

Ningbo, Zhejiang

Sinotruk (CNHTC)

中国重汽

3808.HK

China's largest heavy-duty truck manufacturer, now developing hydrogen fuel cell trucks and autonomous driving for logistics.

Jinan, Shandong

Yutong Bus

宇通客车

600066.SH

World's largest electric bus manufacturer, with over 170,000 NEV buses sold globally across more than 40 countries.

Zhengzhou, Henan

SAIC-GM-Wuling (SGMW)

上汽通用五菱

Three-way joint venture behind the Wuling Hongguang Mini EV, China's best-selling micro-EV that briefly outsold Tesla globally.

Liuzhou, Guangxi

Kehua Holdings

科华控股

603161.SH

Specializes in turbocharger key components and automotive castings. Based in Liyang's Zhuzhe green casting town, which ranks #1 nationally in casting output.

Liyang, Jiangsu