Chinese E-Mobility Landscape Report - Shanghai 2019
The Chinese electric vehicle industry has realized rapid growth in the past years.
In its most recent report, IEG - Kratos presents an outlook of the Chinese E-Mobility market and investment opportunities clearly and easy to understand.
UNDER THE GUIDANCE OF THE GOVERNMENT POLICIES and with the development of the technologies, the Chinese electric vehicle industry has realized a rapid growth in the past years. According to the statistics of China Association of Automobile Manufacturers, the output of domestic electric vehicle reached 517,000 in 2016, and the cumulative output of electric vehicle is expected to exceed 5 million by 2020. The development of the electric vehicle industry has created dramatic demand in the fields of components, application services, GPS technologies, ADAS, sensors, system integrator, semiconductor and chips, etc.
In 2015, the global Internet of Vehicles (IoV) market reached EUR 24bn, and was estimated to exceed EUR 40bn in 2018, with an average annual growth rate of 26,66%. In 2015, Chinese IoV market reached CNY 155bn and CNY 264bn in 2017 with a CAGR of 35,41%. The IoV has become a hot spot in capital market. BAT, top-tier financial investors and traditional OEMs are constructing the industrial layout in IoV industry. Meanwhile, a number of startup companies have emerged and evolved, such as NIO, WM Motors, etc.
In 2016, the global ADAS market reached USD 4bn and is expected to reach USD 7bn by 2021. The global internet giants have entered the field of ADAS, with Google and Tesla as the first players to explore in this field. Baidu was the pioneer in ADAS field in China and traditional OEM like Changan Automobile and other auto companies also entered the field. GPS technologies, sensors, ADAS algorithm are critical technologies to realize ADAS, the investment in these fields has significantly increased.