Published on : Mar 07, 2017
ALBANY, NY, March 07, 2017: Electric vehicles have become a key component of the overall automobile industry in China after the listing of the new energy vehicle industry on the national new emerging strategic sector. A report added to the database of Researchmoz.us discusses at length the role that electric vehicles play in China and their potential as an investment. The 49-page publication is titled “Research on Venture Capital of Electric Vehicle Industry in China 2016-2021” and aims to provide readers with an in-depth and comprehensive understanding of venture capital in the Chinese sector. It evaluates the developmental environment of the industry, assesses its venture capital, discusses the main drivers and limitations in the industry, and highlights the major opportunities in store.
Between February 2016 and October 2016, the output as well as the sales of plug-in hybrid vehicles stood at almost 80 thousand, registering a respective increase of 31.0% and 37.0%. The electric vehicles industry in China is dominated by pure electric vehicles, with output pegged at close to 280 thousand, registering a rise of about 98.0%. Sales of the same rose by a massive 103.0% to reach 260 thousand. It has been estimated that by 2020, the sales of plug-in hybrid electric vehicles will reach 1.1 mn while that of pure electric vehicles will touch 3.9 mn.
Over the past decade, China’s electric vehicle industry has been witnessing a steady flow of finance and investment, powered by leading companies such as Tesla. As of mid-November 2016, an estimated investment of RMB 1.7 bn was reported in 46 financing instances.
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It has been observed that the electric vehicle industry has been developing at a rapid pace not just in China but around the world owing to a number of driving forces such as changing dynamics of the automobile sector, rising government support, and increasing demand from private consumers. Supported by the public as well as the private sector, China’s electric vehicle industry has made a place for itself in the international markets.
In 2009, China surpassed the U.S. to emerge as the largest automobile market in the world and this was primarily driven by the rising affordability of Chinese consumers. With the intention of curbing carbon emissions and supporting the development of electric vehicles, the Chinese government invested several billions of dollars for the cause. The goal of the government’s program to increase the adoption of electric and new energy vehicles in the country was four-fold: reducing its reliance on crude oil from the Middle East, developing a massive industry to increase exports and employment opportunities, to minimize its carbon footprint, and to bring down air pollution in urban areas.
The report on the China electric vehicle industry offers the latest insights on key players, current status of the overall market, significance of venture capital in the industry, competitors and their activities, and prominent drivers and restraints.
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