Table of Contents – China Auto Revolution

Table of Contents

1 Executive Summary     7

2.0 Introduction                8

2.1 Definitions   8

2.2 Market Overview     8

2.2.1 Background             8

2.2.2 Market Trends       8

2.2.3 Growth      9

2.2.4 China’s Auto Import Tariffs               9

3.0 Passenger Car Market Overview        11

3.1 Passenger Car Sales 11

3.2 Passenger Car Sales by Engine Capacity          12

3.3 Passenger Car Sales by Regional Brands          12

3.4 Passenger Car Sales by Vehicle Types              12

3.5 Domestic Passenger Sales Tax             12

4.0 Commercial Vehicle Market 14

4.1 Trucks            14

4.2 Buses             14

5.0 Foreign Ownership  16

5.1 The 50:50 Rule            16

5.2 Rollback of Foreign Ownership Limits               16

5.3 Chinese-Branded Cars            16

5.4 Auto Exports from China       17

6.0 Electric Vehicle Sales               19

6.1 Overview     19

6.2 Passenger Electric Vehicles   19

6.3 Commercial Electric Vehicles                19

7.0 Factors Driving EV Sales          20

7.1 Reducing Urban Pollution      20

7.2 Making Chinese Auto Industry Competitive  20

7.2.1 Subsidies to EV Buyers        20

7.2.2 Manufacturing Incentives to EV companies               21

8.0 Foreign Automakers                23

8.1 Overview     23

8.2 BMW              23

8.3 Daimler         24

8.4 Ford                24

8.5 General Motors         25

8.6 Honda            26

8.7 Hyundai        26

8.8 Kia   27

8.9 Mazda           27

8.10 Mitsubishi  27

8.11 Nissan         28

8.12 PSA               28

8.13 Renault       29

8.14 Tesla            29

8.15 Toyota         29

8.16 Volkswagen              30

8.17 Other Non-Chinese Automakers     31

8.17.1 FCA Group             31

8.17.2 Jaguar Land Rover              31

8.17.3 Subaru     31

8.17.4 Suzuki      31

9.0 Autonomous & Connected Vehicles 32

9.1 Autonomous Driving               32

9.2 China’s Satellite Navigation System  32

9.3 Baidu’s Apollo and DuerOS Platforms              33

9.3.1 Apollo        33

9.3.2 DuerOS      33

9.4 Baidu Partnerships   33

9.4.1 BAIC Group              33

9.4.2 BYD and Dadao       34

9.4.3 Ford            34

9.5 Road Tests   34

9.5.1 Chinese Automakers           34

9.5.2 Daimler      34

9.6 Ride Hailing & Sharing Services            35

9.6.1 Didi Auto Alliance  35

9.6.2 Zotye & Ford Smart Mobility MoU 35

9.6.3 Volvo-Uber              36

10.0 Chinese Automakers            36

10.1 Overview   36

10.2 BAIC Group               37

10.2.1 Introduction          37

10.2.2 Auto Brands          37

10.2.3 BAIC Motor Vehicle Units                38

10.3 Brilliance Auto Group            40

10.3.1 Introduction          40

10.3.2 Joint Ventures     40

10.4 BYD Auto    41

10.4.1 Introduction          41

10.4.2 Auto Brands          42

10.4.3 Denza      42

10.5 Chery Automobile  43

10.5.1 Introduction          43

10.5.2 Vehicles  43

10.5.3 Joint Ventures     43

10.6 Changan Auto          44

10.6.1 Introduction          44

10.6.2 Joint Ventures     45

10.7 Dongfeng   46

10.7.1 Introduction          46

10.7.2 Joint Ventures     46

10.8 FAW             49

10.8.1 Introduction          49

10.8.2 FAW Car Company Limited             49

10.8.3 FAW-Audi              49

10.8.4 Joint Ventures     49

10.9 GAC Motor                50

10.9.1 Introduction          50

10.9.2 U.S. Plans               51

10.9.3 Joint Ventures     51

10.10 Zhejiang Geely Holding Group Co., Ltd.      52

10.10.1 Introduction       52

10.10.2 Volvo Cars           53

10.10.3 Zhi Dou 54

10.10.4 Lynk& Co.            54

10.10.5 London Electric Vehicle Company              55

10.10.6 Lotus Cars            55

10.10.7 Proton Holdings                55

10.10.8 Daimler 55

10.10.9 Geely Buses and Trucks 55

10.10.10 GV Automobile Technology Co., Ltd.     56

10.11 Great Wall Motor 56

10.11.1 Introduction       56

10.11.2 Spotlight Automotive     56

10.12 JAC Motors             57

10.12.1 Introduction       57

10.12.2 JAC-Nio 57

10.12.3 JAC Volkswagen                57

10.12.4 Upcoming Commercial Vehicles Joint Venture    57

10.13 JMC            58

10.13.1 Introduction       58

10.13.2 Joint Ventures   58

10.14 SAIC           58

10.14.1 Introduction       58

10.14.2 Joint Ventures   58

10.15 Zotye Auto              60

10.15.1 Zotye Ford           60

10.15.2 Zotye-Ford Mobility JV   60

10.16 Other Automakers              60

10.16.1 Byton     60

10.16.2 Hawtai Motor Group       61

10.16.3 Nio          61

11.0 Market Size and Forecasts  62

11.1 Market Size               62

11.2 Passenger Vehicle Sales      63

11.2.1 Total Passenger Vehicle Sales Forecast     63

11.2.2 Battery-Electric Passenger Vehicle Sales Forecast                63

11.2.3 Plug-In Hybrid Electric Vehicle Sales            63

11.2.4 Non-Battery Vehicle Sales              63

11.3 Passenger Vehicle Revenue              68

11.3.1 Total Passenger Vehicle Revenue Forecast             68

11.3.2 Battery-Electric Vehicle Revenue Forecast              68

11.3.3 Plug-In Hybrid Electric Vehicle Revenue Forecast 68

11.3.4 Non-Battery Vehicle Revenue Forecast    68

12.0 Conclusions               71

13.0 Findings of the Study            72

 

Figures and Tables

List of Figures

Figure 1: Sales of Passenger and Commercial Vehicles    10

Figure 2: Passenger Car Sales in China: Domestic vs. Imported    11

Figure 3: Passenger Car Sales by Engine Capacity               13

Figure 4: Passenger Car Sales by Brands 13

Figure 5: Passenger Car Sales by Vehicle Types   15

Figure 6: Commercial Vehicle Sales by Vehicle Type         15

Figure 7: Chinese-Branded Vehicles by Vehicle-Type       17

Figure 8: Domestic Sales vs. Exports in China       18

Figure 9: Total Passenger Vehicles Sales Forecast, 2017-2032       66

Figure 10: Battery-Electric Vehicle Sales Forecast, 2017-2032        66

Figure 11: Plug-In Hybrid Electric Vehicle Sales Forecast, 2017-2032           67

Figure 12: Non-Battery Vehicle Sales, 2017-2032                67

Figure 13: Total Passenger Vehicles Revenue, 2017-2032               69

Figure 14: Battery-Electric Vehicle Revenue, 2017-2032  69

Figure 15: Plug-In Hybrid Electric Vehicle Revenue, 2017-2032     70

Figure 16: Non-Battery Vehicle Revenue, 2017-2032        70

 

List of Tables

Table 1: Automobile Sales in China, 2017               63

Table 2: Auto Brands Share by Vehicles Sold in China, 2017           64