THE AUTOMOTIVE SECTOR IN CHINA

In contrast to the traditional vehicle market, which has experienced a steady annual decline, the production and sales of clean vehicles in China has continued to grow. In 2018, more than 1.25M clean vehicles were sold, an increase of 61.7% compared to the year prior. Battery electric vehicles accounted for 78% of those sales, whilst plug-in hybrid’s accounted for 22%.

At the OEM level, China has more than 100,000 registered companies, including 13,000 companies, amassing sales of 2.6 million. The market is dominated by foreign suppliers such as Mobis, Visteon, Bosch, Valeo, Faurecia, Continental, Magna, Denso, ZF, Johnson Controls, Schaeffler, Lear, Bridgestone and Delphi, etc.
These equipment manufacturers have become the main suppliers to the major automakers in the region, with a market share of up to 70%. In addition, they have a strong presence in the key components market, with a share of over 90%.

In 2018, cleaner vehicle sales in China accounted for 4.5% of total sales, compared to 2.2% globally. Out of the global top ten, the four main Chinese brands (BYD, BAIC, Roewe, Chery) account for 52% of electric passenger vehicle sales in China.