Government Initiatives and Subsidies to Drive Demand for NEV Taxis in China by 2023

Product Summary

The study is given to the analysis of the latest growth trends and prospects for the China New Energy Vehicle market.

The section „China New Energy Vehicle Market“ includes an examination of the situation in major sections of the China New Energy Vehicle market. The markets in European Union countries are examined in more detail, giving a timeline of financial results reported by major 3PL providers in 2017.

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Market Insight:

New energy vehicles are very crucial to the economic development in China since they reduce the country’s dependence on foreign oil by curbing the overall fuel consumption. Government support in form of incentives as well as subsidies has been instrumental in driving the uptake of new energy vehicle taxis in the country. For instance, the ‘Ten Cities- Thousand Vehicles Program’ started by the central government and few other plans focusing on the emission control bodes well for the market growth. On the contrary, despite investments in battery technologies, only few vendors have achieved economies of scale and are able to supply batteries to the industry. This coupled with uneven charging infrastructure in the country has posed significant challenge to the market growth. In view of limited charging infrastructure in China, a phased introduction new energy vehicle taxis is highly recommended.

Competitive Insights:

The new energy vehicle taxi market in China is highly consolidated. The leading three new energy vehicle taxi manufacturers account for around two-third of the overall market revenue.  BYD Motor Company, Anhui Jianghuai Automobile Co., Ltd (JAC Motors), and Beijing Automotive Industry Holding Co., Ltd. (BAIC) are identified as the leading new energy vehicle taxi manufacturers in China. Other promising and emerging players identified in the China new energy vehicle taxi market include China FAW Group Corporation, Dongfeng Nissan Passenger Vehicle Company, Zhejiang Geely Holding Group Co., Ltd., ZAP Jonway, Inc., Chongqing Changan Automobile Co. Ltd., and Beiqi Foton Motor Co., Ltd. among others. These manufacturers fiercely compete to acquire government contracts. However, local protectionism has marred the healthy competition from non-local NEV taxi manufacturers. The market for NEV taxis in China presents significant barriers to new entrants in form of high capital. The established players have upper hand in terms of economies of scale and distribution network. All these factors make the entry of new players challenging.

China NEV Taxi Market Analysis
5.1. China NEV Taxi Market Overview
5.2. Market Dynamics
5.2.1. Market Drivers
5.2.2. Restraints
5.2.3. Opportunity Matrix
5.3. See-Saw Analysis
5.4. Attractive Investment Proposition

“China New Energy Vehicle Market” is a new report by us that explains how companies‘ acquisition expenditures, media spend, business strategies, marketing and sales strategies and practices, and business plan are set to change in 2017-2018. This paper gives you access to the category-level spending forecasts, business challenges, budgets, supplier selection criteria, the current size of the marketing and promotion budgets and investment opportunities for senior-level officials. The report also identifies the expected growth of buyers and suppliers, capital expenditure, staff hiring, M and A, and e-procurement. This report not only gives access to the views and strategies of business decision makers and rivals but also examines their actions circling business priorities. The report also provides access to information categorized by company type and sizes, region,

Introduction and Landscape

Company Profiles
9.1. BYD Auto Co., Ltd.
9.2. Anhui Jianghuai Automobile Co., Ltd
9.3. Beiqi Foton Motor Co., Ltd
9.4. Chongqing Changan Automobile Company Limited
9.5. ZAP Jonway, Inc
9.6. Dongfeng Nissan Passenger Vehicle Company
9.7. Zhejiang Geely Holding Group Co., Ltd.
9.8. China FAW Group Corporation

Why was the report written?

This report is the result of an extensive survey drawn from Our Research’s elite panel of leading global senior level executives from enterprises such as such as medical devices, mining, packaging, power, oil, and gas, food and beverage, airports and pharmaceutical. The report covers key topics such as appropriation behaviors and strategies, the current size of the marketing and advertising budgets. Besides the report also recognizes the threats and possibilities, economic outlook trends, media channel spending outlooks, M and A expectations, marketing agency selection models, media budgets, business challenges and confidence among senior-level executives across various industries. Most secondary research papers are based on general industry drivers and do not understand the industry officials‘ attitude and changing behaviors, creating a gap in showing the business opportunity of the industry. In an effort to bridge this gap, Our Research created this primary-research based report by selecting the opinions of various stakeholders in the value-chain of the industry

This report offers:

  • Analysis of several products, and regions that would provide the clear understanding of the ongoing and future trends in the global China New Energy Vehicle market
  • Assessment of market dynamics such as drivers, restraints, and opportunities prevalent in the market
  • Quantitative assessment of the current market size and future estimations for the period from 2016 to 2026, along with CAGRs for the period from 2018 to 2026
  • Company profiles that will highlight key information about the imperative players operating in the global China New Energy Vehicle devices market

Here you can get an updated sample on this report: https://www.credenceresearch.com/sample-request/57862

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