"Electric Vehicle Industry in China, 2011-2020" is now available at Fast Market Research

As a kind of new energy automobiles, electric vehicles refer to automobiles in which power-driven motors completely or partly serve as the power system. In response to the increasingly prominent carbon emission and environmental pollution, the world's major automobile producers speed up their plans to promote technology R&D and industrialization with the national strategy of developing new energy automobiles. Energy conservation and new energy automobiles become the development orientation of the international automobile industry. In the next 10 years, it will be an important strategic opportunity period for the transformation and upgrading of the global automobile industry.

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Compared with the traditional automobile industry chain, electric vehicles break the industry chain persistently consists of suppliers, automobile plants, sales and after-sales services. There are more suppliers in the upstream electric vehicle industry chain, which includes suppliers of battery, motor and other electrical accessories. Meanwhile, the monopoly position of automobile plants is challenged in the automobile industry chain, and some automobile design companies and battery suppliers, with the opportunities of the electric vehicles upgrade to new automobile plants. In addition, automobile services in the downstream industry chain have the new energy services, involving the participation of the constructors of charging facilities, charging stations and charging piles. Accordingly, the arrival of electric vehicles brings great changes to components of the traditional automobile industry chain. With the emerging new participators, the traditional automobile industry chain is no longer appropriate for the electric vehicle industry.

Different from the traditional automobile industry, the electric vehicle technology core is no longer entirely mastered by automobile plants. The core technology increasingly lies in new material industry, electronics and software development, etc.

Presently, China's production and sales size ranks the first in the world, which is expected to increase in the coming period. In Jul. 2012, the State Council of PRC issued The Planning for the Development of the Energy-Saving and New Energy Automobile Industry (2012-2020), which pointed out that the development orientation of new energy automobiles was the industrialization of battery electric vehicles.

In 2015, the global sales volume of electric vehicles exceeded 549,000 with an increase of 72.64% YOY. Chinese electric vehicle market has a good performance under the support of policies. In 2015, the production volume of electric vehicles reached 340,000 with an increase of 330% YOY in China. Up to the end of 2015, the reserve of electric vehicles reached 583,200 in China with an increase of 386% YOY.

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