Will your first electric vehicle be made in China?

China’s domestic auto industry is becoming more challenging. The market remains highly fragmented, with the top four players accounting for just 40 percent of the market (vs. 60 percent in the U.S.). However, Chinese automakers are increasingly capable of producing vehicles that are good enough to be sold globally.

In 2009, China surpassed the U.S. as the world’s largest auto market. But more surprisingly China became the largest market for electric vehicles in 2015. The timing is apt, especially as Chinese policymakers are getting serious about tackling both pollution and congestion. Chinese automakers are also eyeing up export opportunities in overseas markets. Non-Chinese automakers should prepare for the day when their partners in the world’s largest market become their newest rivals.

by 2020

Growth forecast for China's EV production

Will your first electric vehicle be made in China?