The electric vehicle industry in China is the largest in the world, accounting for more than 70% of global production of (EVs) and 67% of global sales in 2024 and more than 1.28 million exports in 2024. In 2024, CAAM reported China had sold 12.87 million passenger electric vehicles, with 60% of those sales being (BEVs) and 40% being (PHEVs). China also dominates the and The electric vehicle industry in China is the largest in the world, accounting for more than 70% of global production of (EVs) and 67% of global sales in 2024 and more than 1.28 million exports in 2024. In 2024, CAAM reported China had sold 12.87 million passenger electric vehicles, with 60% of those sales being (BEVs) and 40% being (PHEVs). China also dominates the and market, reaching over 500,000 buses (95% of global stock) and recording new sales of 447,000 commercial EVs in 2023. In 2025, more than 51% of sales of vehicles in the automobile market in China were electric vehicles. (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 and occupying the top two spots, and 5 out of the top 7 spots. The industry is closely related to the EV industry as 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 and 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 and 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, which owns and . According to, there were 500 Chinese electric car manufacturers in China in 2019. After fierce competition, only 100 manufacturers remained by 2023. According to, as many as 300 manufacturers, both domestic and international, were offering electric vehicles in China in 2023. opened its first "Gigafactory" outside the United States in Shanghai, China, in 2019. 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. manufactures electric vehicles in China through joint ventures such as Volkswagen Anhui (formerly -VW), -VW (Anting), -VW (Foshan), producing vehicles based on the . 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 announced its investment of $700 million in 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, acquired "approximately 20%" of Chinese electric vehicle manufacturer in a transaction worth €1.5 billion. Under the terms of the agreement, Stellantis gained exclusive rights to sell, export, and manufacture Leapmoto. 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, type battery market share reached 24.1%, with Chinese manufacturers holding a near monopoly, and is expected to rise further to surpass type batteries in 2028. Contemporary Amperex Technology Co, (CATL) is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of for and, as well as (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. Companies listed include all battery manufacturers, some of which may not be involved in EV battery manufacturing. • • • • • • • REPT Battero • Farasis Energy E-vehicles use only electric motors and, and have few parts requiring maintenance. Compared to traditional vehicles and excluding the battery, they are cheaper and easier to build. However, building battery with sufficient capacity and discharge-cycles is a challenge. is a Chinese company that builds using a new technology that, according to the company, makes them safer than other models. In 2005, it became the world's leading small battery company and is one of the world's largest manufacturers of rechargeable batteries. It is emerging as a leader in the technology sector. Tianjin Lishen Battery Joint-Stock Co. Ltd. is another China based battery manufacturer. The company has a partnership with, a based company, to develop a Coda electric vehicle and ultimately, batteries for use in . The focus of the latter will be to provide energy storage for and generation. In 2017, the government battery subsidies fell by 30% and Chinese EV sales dropped. While the shape of this industry is still emerging, electricity generation and the infrastructure to deliver energy appear to be the areas with the highest potential and relevancy to manage future energy use. According to consulting group, "some utilities are already engaging a specific area of the value chain, setting priorities for near-term, medium-term, and long-term initiatives. They have begun to model different market and business impact scenarios, with the goal of identifying the biggest upsides and pitfalls." Utilities have begun to develop focused strategies in areas where they are well positioned to serve the electric-vehicle value chain. At the moment, a variety of business design ideas are competing to shape the new marketplace. China has invested a great deal into this fundamental component of the, and some of the principal facilitators are as follows: • • Jiangxi Ganneng. CoAn electricity provider, year-end 2009, the Company finished approximately six billion kilowatt-hours of on-grid electricity, and had an attributable installed capacity of 1.5 million kilowatts, including 1.4 million kilowatts of and 100,000 kilowatts of . • The Company develops, manufactures and sells and products serving the power industry, and also provide system integration services. It also provides software and hardware services and system integration services for things such as power grid dispatching products, commercial operating systems, and electrical control automation products. • XJ Electric Co.This company is primarily engaged in research, development, manufacture and distribution of automation, protection and controlling products for electric power systems. Specifically, it provides and power generation equipment, transformers, electrical systems, network products, electrified railway products and (DC) power distribution systems. China has promoted the development of the electric vehicle (EV) industry through a. In China, the practice of selling "zero-mileage used cars"—brand new vehicles registered and resold as second-hand—emerged as a strategy for automakers to inflate sales data and reduce inventory. According to a July 2025 investigative report by and the, electric vehicle brands, owned by, and, owned by Zhejiang Hozon New Energy Automobile, inflated their sales figures by exploiting China's vehicle insurance registration system. Both companies arranged for cars to be insured before being delivered to buyers, enabling them to report these units as sold under Chinese industry standards, which define a sale based on insurance registration.