China could become the world’s leading automotive R&D market

With rapid advances across automotive’ megatrends, China is quickly establishing itself as the world’s leading automotive innovation market. By Jack Hunsley

At the turn of the century, China’s automotive market, though large, was rarely mentioned in the same breath as the traditional world-leading markets of Europe and North America. Littered with ‘doppelgangers’ of popular western models, innovation appeared minimal.

China’s new vehicle market: prospects to 2026 and beyond





Today, however, this is no longer the case: in 2021, figures from the China Passenger Car Association claim more than three million new energy vehicles (NEV)—this includes battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs)—were sold, with 423,000 BEVs sold in December alone. In the US from January to October, just under 380,000 such units were sold.

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