E-car revolution: China leads global change!
E-car revolution: China leads global change!
China's automotive market is faced with a fundamental change, since the most important actors and innovations are in focus on the upcoming car show in Shanghai. From Wednesday, over 100 new models, mostly electric cars, will be presented there. The Association of the Chinese auto industry predicts that more than half of the new car sales will be electrical this year. This is a significant increase that reflects the rapid decline in the market share of combustion engines in China.
political support and subsidies have strongly promoted e-mobility, while lower electricity prices and higher oil prices offer further motivation. The incentives introduced in some cities such as preferred license plates make access to electric vehicles easier. State measures also include the obligation for manufacturers to produce a certain number of electrical and hybrid models. The NEV share in the new car market was 47% in 2024, significantly increased of 31.6% in the previous year.
market leader and competitive pressure
The dominance of BYD, one of the leading Chinese electric car manufacturers, has increased significantly in recent years. The manufacturer recorded a market share of 29% in the first quarter of 2025 and sold 700,000 E and plug-in vehicles. Overall, BYD 2024 was able to increase its profit by 33% to 5.1 billion euros, supported by the rapid growth of the e-car market in China. Tagesschau reports that BYD is planning to sell and already in 2025 between five and six million cars the market leadership in China took over from Volkswagen.
However, the challenges on the market cannot be ignored. The aggressive price war within the electric car industry has led to shrinking margins and several bankruptcies of start-ups such as Jiyue and Byton. Other manufacturers such as Li Auto and Geely also show growth figures, while Chinese brands are spreading internationally, including in Germany, South America and Southeast Asia.
global trends and European stagnation
In the global context, a stable sales market for electromobility is shown, despite stagnation in some European countries. The global sales market for battery -electric vehicles (BEV) rose by almost 10% to around 11 million vehicles sold. In China, the sales figures in 2024 grew by 6%, with NEVS overturning over 40% of the total sales volume, which increases the growth trend in this region. According to a report of the Fraunhofer ISI , around 7 million BEV and 5 million phev were sold in China, which the leading position in the country E-mobility sector underlines.
In contrast, Europe recorded a decline in the vehicle market of 4% and in the sales figures for BEVS by 6%. The United Kingdom has overtaken Germany as the largest European sales market, which is due to different funding policies. In this environment there are foreign manufacturers, especially German car brands, under pressure, while the Chinese manufacturers expand their international influence.
summarized can be seen that China is not only a leader in electromobility, but also has a lasting impact on global competition through drastic changes and state support. The upcoming innovation presentations in Shanghai will be crucial to show how this dynamic market will develop.
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