Electric Vehicle Industry to Grow Quickly in China, Predicts CRI in Its Report Published at MarketPublishers.com10 Jun 2016 • by Natalie Aster
LONDON – China is the largest producer and seller of electric vehicles, and this country is set to remain an unrivalled leader in the years to come.
As of 2015, sales volume of the vehicles (on a global scale) almost reached 550,000 units, up by more than 72% from 2014. China produced 340,000 such units in 2015, an increase by 330% from 2014.
The China’s reserve of electric vehicles amounted to more than 583,000 units in late 2015, showing an upsurge by 386% from 2014.
As of 2013, not a single local automobile manufacturer had sales volume of electric vehicles of over 5,000. The situation changed a year later, with such manufacturers as BUD, Kandi and ZOTYE taking the lead and theirs sales standing at around 10,000 units.
The country’s new energy automobile industry show swift growth, but insufficiency of downstream charging piles restrains this growth. Nevertheless, the industry is set to demonstrate rapid growth in the offing.
Topical research study “Research Report on Electric Vehicle Industry in China, 2011-2020” prepared by CRI offers an all-inclusive insight into a situation in the China’s electric vehicle marketplace. The report looks at industry chain and shares with a reader all necessary definitions and classifications. It delves deep into the development environment and explores national policy related to this market.
The study concentrates and production and demand trends in the country and sheds light on pilot cities. The research report canvasses factors impacting industry development and projects output volume and market demand. Company profiles as well as recommendations for investment and development are on hand in the study, as well.
More cutting-edge reports by our market research partner can be found at CRI page.