Chinese Electric Vehicles represent around 60% of global sales (six million in 2022) and production (five million annually by 2030).
Domestic new energy vehicles will reach 20 million by 2025 before quadrupling to 80 million by 2030 (and represent 70% of overall vehicle sales).
NIO and Xpeng have already surpassed 100,000 electric vehicle deliveries while BYD has manufactured over one million new energy vehicles.
China, led by CATL, is producing over 50% of global electric car batteries that will have a $40 billion domestic market by 2025 and capacity will over-double to 800 GWh by 2030.
Almost $50 billion investment had already facilitated by 2020 almost five million charging piles (at over 50% globally) and 12,000 charging stations that will treble to 36,000 by 2025 as part of a $19 billion electric charging equipment market.
China will establish mass applicational production of L2/L3 autonomous vehicles by 2025 facilitated by 5G-V2C sustainable infrastructure (connecting up to 40 million vehicles already by 2020) creating a $32 billion market (at 50% of overall vehicles sales).
Baidu has accumulated more than 10 million km of L4 autonomous vehicle testing with extension to at least 100 cities by 2024 including 30 for autonomous ride-hailing.
Find out more about the future of Electric/Autonomous Vehicles in Digital Provinces Guide: Countdown to the Chinese Century, Dawn of the Digital Dragon Dynasty: Countdown to the Chinese Century, and Dawn of the Digital Dragon Dynasty: Global Economy in Shop.