Why is China's electric vehicle sector booming?

With mainstream consumer acceptance and government support, China’s electric vehicle (EV) sector is booming. At the same time that China is trying to say goodbye to gas and hello to batteries, Chinese companies are accelerating their development of autonomous features and fully self-driving cars.

Who makes the best electric cars in China?

However, Tesla currently makes the best-selling electric cars in the Chinese market. Now everyone else is piling into the industry, from Chinese state-owned auto groups like SAIC to foreign companies like VW, from indebted real estate groups like Evergrande to tech giants like Tencent, Huawei, Baidu, and Didi Chuxing. So who is who in EVs in China?

Is China a giant in electric car batteries?

The effort has also made China a giant in electric car batteries. China has 14 times the electric car battery-making capacity of the United States, according to Benchmark Mineral Intelligence, a London consulting firm.

Will Tesla dominate China's EV market?

Although Tesla contributed largely to mainland China's EV export surge in recent years, growing EV shipment volumes of Chinese automakers including SAIC and BYD has fueled concerns over China's overcapacities and its intention to dominate the global market with low-price vehicles.

How are China's tech giants transforming the EV sector?

This article was originally written in German. China's tech giants, Xiaomi and Huawei, are making significant strides in the EV sector. These companies are combining data and artificial intelligence to redefine the future of mobility.

Does Guangzhou new energy automobile sell cars?

Its electric arm, known as Guangzhou New Energy Automobile, sells cars under the Aion brand. Like other state-owned enterprises, GAC has established joint ventures with several foreign automakers, including Honda, Toyota, Mitsubishi, Isuzu, and Fiat Chrysler. Honda and Toyota cars account for about 70% of GAC’s total sales.