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BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [14] Since 2009, BYD's automotive business has contributed over 50% of its revenue. By 2023, it contributed over 80% of the company's total revenue.
By 2023, BYD continued to be the world's largest plug-in hybrid electric vehicle manufacturer and the second-largest battery electric vehicle manufacturer (after Tesla), with global market shares of 21.4% and 15%, respectively. [69] [70] BYD also held a 36% market share in the new energy vehicle segment in China as of September 2023. [71]
BYD e6 battery electric taxi in Shenzhen, China Foton BJ6129EVCA-N1 battery electric bus in Beijing, China E-bikes with an estimated fleet of 120 million in early 2010. The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) in 2023 [1] and more than 1.28 million exports in 2024. [2]
Surpassing the United States as the world's largest automobile producer 2010 18,260,000 24.2% The largest number of production by any nation in history 2015 24,500,000 27.43% Became the world largest EV producer 2017 29,020,000 30.19% 2022 27,021,000 31.8% Surpassing Germany as the world's second largest car exporter 2023 30,161,000 33.8%
The Kandi public EV Car Share concept is based on Hangzhou's bike share, the largest in the world and the first of its kind in China. The bike-share has since spread from Hangzhou to 19 Chinese cities including Shanghai and Beijing. To date, Kandi has delivered over 40,000 car-share EVs, making it the world's largest car-sharing program. [13]
Guangzhou Xiaopeng Motors Technology Co., Ltd., trading as XPeng Motors (Chinese: 小鹏汽车; pinyin: Xiǎopéng Qìchē), commonly known as XPeng, is a Chinese electric vehicle manufacturer. The company is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, United States and Munich, Germany.
It is considered to be a Tier-1 battery supplier, and is the third largest energy storage battery cell maker in the world as of 2023. [1] According to a study done by SNE Research in 2024, Eve Energy was the 9th largest electric vehicle battery maker worldwide with 2.3% market share, which it maintained from 2023. [2] [3]
BYD has dominated the Chinese EV industry since 2015, when it surpassed its domestic and overseas rivals in the world’s biggest car market. One of its key advantages against Tesla, the number ...