Search results
Results From The WOW.Com Content Network
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]
BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. 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, 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]
According to the China Association of Automobile Manufacturers, China surpassed the United States to become the world's largest automobile market in 2009 with a record 13.9 million vehicles sold in the country, compared to 10.43 million cars and light trucks sold in the United States. There is a quickly growing demand for transport in China as ...
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 company is the biggest EV and energy storage battery manufacturer in the world, with a global market share of around 37% and 40% respectively in 2023. [4] [5] [6] The company is headquartered in the city of Ningde in China's Fujian province.
There are hundreds of automobile manufacturers operating in China, the country with the largest automotive industry in the world. It includes state-owned manufacturers, privately owned manufacturers, foreign manufacturers, and joint ventures between local and foreign manufacturers. See article Automobile manufacturers and brands of China for ...
ZGH as a holding company was founded in 2003. As of 2023, the company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies. [2] In 2024, the group produced a total of 3.33 million vehicles globally, including 1.48 million plug-in electric vehicles. [12]