Chinese domination of the electric vehicle market
Numerical domination
In recent years, the China has established itself as the undisputed leader in the global electric vehicle market. In 2024, it will accounts for 67% of global sales of electric and plug-in hybrid vehiclesa proportion that has even reached 73% over the July-August period. This dominance is even more marked in the plug-in hybrid (PHEV) segment, where China has a staggering share of the market. 82.8% in the third quarter of 2024.
The Chinese market for electric vehicles is experiencing explosive growth. Estimated at 305.57 billion in 2024It is expected to reach 674.27 billion by 2029with a compound annual growth rate (CAGR) impressive 17,15%. This meteoric rise testifies to the vitality and dynamism of the sector in China.
Moreover, in July 2024, a historic milestone was reached: the China has sold more electric or hybrid vehicles than internal combustion vehicles. The figures are grandiose: 945,000 hybrid models and 505,000 100% electric vehicles were sold in July alone.
For the year 2024 as a whole, the International Energy Agency (AIE) estimates that the market share of electric cars and plug-in hybrids will reach 45% in Chinawell ahead ofEurope (25%) and United States (11%).
But that's not all: China's dominance is partly explained by its unrivalled production capacity. La China holds 70% of the world's battery production capacityThis is a crucial strategic advantage in the electric vehicle value chain. In other words, this production control allows Chinese manufacturers to benefit fromsignificant economies of scale and propose competitive prices on the world market.
💡Did you know ? More than 50% of the world's production of batteries for electric cars is held by the Chinese companies CATL and BYD.
To give you some concrete examples, the Chinese batteries are offered at costs 40% lower than those of competitors. The price per kWh, ranging from 56 and 66 $contrasts sharply with the competitive average of 95 $. This economic performance is accompanied by a substantial state supportresulting in substantial subsidies and robust incentive policies. What's more, Chinese industry benefits from a technological lead estimated at a decadeconsolidating its dominant position in the global market.
However, despite theChinese hegemony in the field of batteries for electric vehiclesthe French manufacturers are entering this strategic market in force. Several French initiatives aim to develop a national battery industry, reducing so the dependence on Chinese production.
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Key players in the Chinese market: the top 3
Naturally, the Middle Kingdom has established itself as the undisputed leader of the electric vehicle market, thanks to its key players who have innovate and cake significant market share quickly.
To begin with, we BYD having become the spearhead of China's electricity industry, having seen his global share to fall from 7% between 2017 and 2021 to 18.5% in 2024. Initially a battery manufacturer, the company has diversified its business to become the world's leading battery manufacturer. the world's largest producer of electric vehicles. In 2023, BYD has sold 2.7 million electric and hybrid carsrepresenting an impressive market share of 35% in China. Its success is based on a diverse range of products, from electric city cars affordable to Electric SUVs top of the range.
In a second phase, SAIC, owner of the MG Motor brandhas succeeded in breaking into the European market with a number of attractive models, ranking among the best in Europe. 8ᵉ of new passenger car sales in France with this brand. La MG ZSfor example, has climbed to the top of the sales leader of Chinese electric cars in Europe with 14,085 registrations in the first two months of 2024.
In the third stage, Geelyowner of brands such as Volvo and Polestarhas successfully positioned itself in the premium segment of electric vehicles and has also grown on the market, from 4% in 2019 to 8% in 2024 in terms of market share. The Polestar 2, for example, recorded 2,418 sales in Europe over the January-February 2024 perioddemonstrating the growing appeal of top-of-the-range Chinese brands.
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What are the factors behind Chinese supremacy?
A long-term strategic vision since 1990
Since the 1990s, China has been deploying a an ambitious and coherent industrial strategy to dominate the electric vehicle market.
In fact, as early as the 1990s, China identified the electric vehicle industry as a key growth driver. a strategic sector for its economic and technological development. The authorities have therefore introduced five-year plans specifically targeting this sectorincluding 13th and 14th planswith targets and financial incentives to stimulate the production and consumption of EVs.
For example, theMade in China 2025"aims to ensure that 80 % of the electric vehicle value chain is located within the countryreinforcing theself-sufficiency and the competitiveness of national industry.
In addition, China has allocated considerable research and development budgets for electric vehicles (R&D). The government had announced multi-billion dollar investments to support innovation in this sector, enabling Chinese manufacturers to rapidly acquire the necessary technologies and optimise them.
To achieve this, China has also adopted a pragmatic approach by encouraging joint ventures with foreign manufacturers. This strategy has resulted in technology and know-how transferThis will accelerate the development of the national electric car industry.
Local production and bypassing tariffs
As previously stated, this Asian country controls more than 70% of world production of battery cell parts and battery cells themselves. This vertical integration is enabling Chinese carmakers to cut their production costs considerably, giving them a competitive advantage. significant competitive advantage.
In fact, Chinese companies such as BYD have adopted this type of vertical integration strategy, controlling the entire value chainsince the battery production until thefinal assembly of vehicles. This approach has made it possible to reduce costs, d'accelerating innovation, d'offer greater flexibility to respond rapidly to changes in the market and logistical challenges, but also to better manage the supply of essential raw materials such as lithium (a major component of a battery electric car).
As a result, Chinese companies are outperforming their traditional competitors when it comes to production costs. According to a UBS bank estimateBYD benefits from a 25%'s cost advantage over its Western competitors. This difference means that Chinese manufacturers can offer more competitive prices while maintaining comfortable margins.
At the same time, from early 2000sChina has set up a incentive legislation the acquisition of 100% electric and rechargeable hybrid vehicles, thereby giving a considerable lead to the Chinese industry.
With a population of over 1.4 billionChina has a huge domestic market. As a result, government policies have encouraged the use of electric vehicles through grantsand tax benefits and restrictions on internal combustion vehicles in major cities. This domestic demand has therefore enabled Chinese manufacturers to benefit fromeconomies of scale and strengthen their position in the global market.
European expansion strategy
Faced with the customs duties imposed by the European Commission, the manufacturers have also been quick to readjust their strategy. Although they have not abandoned electric cars in Europe, they are now turning more to the hybrid vehicleswhich are not subject to the same taxes. Between July and October 2024 Chinese exports of hybrid vehicles to Europe tripled to 65,800 units.
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Nevertheless, despite this introduction of new taxes by the EUsome Chinese manufacturers such as MG and BYD have chosen not to not raise their prices in Europe for 2024. This strategic decision aims to maintain their market share and demonstrates the substantial margin which these companies enjoy thanks to their low production costs.
In addition to the above two strategies, Chinese carmakers have decided to adopt a strategy of establishing a direct presence in Europe in order to bypassing trade barriers. BYD, for example, plans toopen a plant in Hungary with an annual production capacity of 150,000 vehicles. This approach not only reduces logistical costs, but also makes it possible toavoid these customs duties on imported Chinese vehicles.
At the same time Chinese manufacturers launch several brands to target different segments of the European market. In addition to its core brand, BYD plans to introduce 3 additional premium brands in Europe in order to cover a wide range of consumers, from the mass market to the luxury segment. The new brands are
- Denza,
- alliance between Mercedes-Benz and BYD at the origin
- Yangwang,
- and Fangchengao.
But that's not all: Chinese manufacturers are also investing in marketing campaigns to promote their products. targeted marketing campaigns to raise their profile in Europe. BYDfor example, has become the official partner of Euro Football 2024This initiative should considerably raise its profile among European consumers.
What electric cars are available in France? The top 10
Combining cutting-edge technology, innovative design and competitive ratesThese new Chinese players are shaking up established codes and winning over more and more French drivers.
At a time when the offering is expanding rapidly, it is crucial to take stock of the most striking models. Discover our top 10 Chinese electric cars that will be making a splash on French roads in 2025, from agile electric city cars to electric family SUVs and luxurious electric saloons.
Note that most of them are available on Beevwhether it's a private leasing or in professional leasing.
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BYD: the Chinese giant conquers Europe
Build Your Dreams (BYD), the No. 2 manufacturer of electric vehicles worldwideis rapidly establishing itself on the French market with a diversified, technologically advanced range. In 2024, BYD offers 6 electric models and 1 hybrid model in Francedemonstrating its ambition to conquer the European market. growing success with consumers.
BYD Seal: elegance aerodynamics
La BYD Seal is positioned as a electric saloon top-of-the-range sportsdesigned to compete directly with established European and American models. Here are its main features:
- Dimensions : 4,800 mm long, 1875 mm wide, 1 460 mm highwith a 2 920 mm wheelbase.
- Design : A modern and elegant style, with a impressive drag coefficient of 0.219 Cxeven surpassing the Tesla Model 3.
- Performance Available in rear-wheel drive (313 ea) or all-wheel drive (530 hp), with an acceleration of 0 to 100 km/h in 5.9 and 3.8 seconds respectively.
- Autonomy Between 520 and 570 km depending on versionthanks to a 84 kWh LFP battery.
- Technology : Integration of Cell-to-Body (CTB) technology, 15.6-inch rotating touchscreenand compatibility Apple CarPlay and Android Auto.
- Comfort : Semi-active suspension with variable frequency dampers, heated leatherette seats.
- Security Advanced systems including Lane Keeping Assist (LKA) and intelligent cruise control (ICC).
The BYD Seal stands out for its attractive value for money for its segment. For the rear-wheel drive versionthe list price is 46 990 €while the full version is €49,990. With its impressive performance and aerodynamic design, the Seal represents a serious alternative to European and American premium electric saloons.
BYD Sealion 7: the electric family SUV of the future
La BYD Sealion 7a direct competitor to Tesla Model Yhas positioned itself as a Luxury electric family SUVa combination of performance, technology and respect for the environment. Here are its main features:
- Impressive dimensions 4.87 m long, 1.93 m wide and 1.62 m high, offering generous interior space.
- Powerful engines available in 313 hp rear-wheel drive version or 530 hp all-wheel drivewith accelerations of 0 to 100 km/h in 6.7 and 4.5 seconds respectively.
- Competitive autonomy between 456 and 502 km depending on the version, thanks to 82.5 kWh or 91.3 kWh batteries.
- State-of-the-art technology : 800 volt architecture for rapid recharging (from 30% to 80% in 24 minutes), heat pumps for greater efficiency, and V2L bidirectional load.
- Premium equipment panoramic roof, electric tailgate, 15.6-inch touch screen, s12-speaker Dynaudio audio systemand a host ofdriving aids.
- Safety and durability : batteries Blade LFP ultra-safe, with a promised service life of over 5000 charging cycles.
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The Sealion 7 is a perfect illustration of BYD's ambition to make its mark on the European market for top-of-the-range electric SUVs, combining luxury, performance and innovation technology. With a starting catalogue price of €46,990It has positioned itself as a serious competitor to European and American premium models.
BYD Dolphin: the affordable urban electric compact
La BYD Dolphin is positioned as a compact electric affordable urbanaimed at competing directly with established European models. Here are its main features:
- Dimensions 4.29 metres in length, putting it in the compact segment like the Renault Megane E-Tech or the Volkswagen ID.3.
- Motorisation and autonomy Available with a 60.4 kWh battery offering maximum autonomy of 427 km and a 204 horses.
- Competitive prices The Comfort version is priced at €33,990while the top-of-the-range Design version is €35,990.
- Equipment : The Design version includes a panoramic sunroofa wireless chargera contrasting roof and tinted rear windows.
- Refill Equipped with a 11 kW AC chargerallowing full recharging in 6h30.
- Guarantee : 4 years or 120,000 km for the vehicle, 8 years or 200,000 km for the battery.
The BYD Dolphin stands out for its good value for moneyalthough its dynamic qualities are slightly behind those of some competitors.
Xpeng: driving innovation
Xpeng, a Chinese manufacturer founded only 10 years agois rapidly establishing itself as a major player in the French electric vehicle market. With a ambitious expansion strategythe brand aims to 55 points of sale in France by December 2025. This sales offensive is accompanied by a range of vehicles combining cutting-edge technology and impressive performance.
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Xpeng G6: the intelligent electric SUV
The electric SUV Xpeng G6 is positioned as a direct competitor to the Tesla Model Y, offering a a seductive blend of style, technology and performance. Here are its main features:
- Dimensions : 4.75 m long, 1.92 m wide and 1.65 m highwith a generous wheelbase of 2.89 m.
- Engines Available in 3 versions - Standard Range (258 hp), Long Range (285 hp) and Performance (476 hp).
- Autonomy Up to 570 km WLTP cycle for the Long Range version.
- Battery : Technology 800 volts with a capacity of 92 kWh for Long Range and Performance versions.
- Fast recharge Up to 280 kW DC, for ultra-fast recharging.
- Performance 0 to 100 km/h in just 4.1 seconds for the Performance version.
- Competitive prices From 42,990 for the Standard Range version50,990 for the Performance version.
The G6 stands out for its SUV coupé design, combining sporty looks with family practicality. Its spacious interior and generous boot space (571 to 1374 litres) make it a versatile vehicle.
What's more, Xpeng is banking onon-board intelligencewith advanced driver assistance systems and cutting-edge connectivity. The brand aims to surprise French customers".by the quality of its cars" positioning itself as the "China's leading premium brand"on the French market, according to Thomas RodierMarketing and Communications Director.
Xpeng G9: reinventing the premium driving experience
The Xpeng G9, the flagship of the brand, is a Luxury electric SUV which perfectly embodies Xpeng's philosophy of innovation:
- Impressive dimensions At 4.89 metres long, 1.94 metres wide and 1.68 metres high, the G9 is a direct rival to Germany's premium SUVs.
- Powerful engines Available in 3 versions, from 313 ea for models Standard and Long Range à 551 hp for the Performancewith acceleration rates of 0 to 100 km/h in just 3.9 seconds.
- Impressive range Up to 570 km in WLTP cycle for the Long Range version, thanks to a battery of 98 kWh.
- Ultra-fast recharging : Able to recover 200 km range in just 5 minutes thanks to its 800V charging technology.
- Advanced technology Equipped with 31 LiDAR sensors and NVIDIA chips and a 2250W Dynaudio Confidence immersive audio system.
- Competitive prices From 59,990 for the Standard Range versionuntil 73,990 for the Performance versionpositioning the G9 as an attractive alternative to Europe's premium electric SUVs.
The Xpeng G9 also stands out for its modern designincorporating distinctive features such as a light strip on rear and optics on 2 levels. The luxurious interior is dominated by 2 x 15-inch touch screensoffering a high-tech user experience.
MG Motor: the rebirth of a legendary brand
MG Motor, once part of the British car industryis undergoing a spectacular renaissance under the aegis of the Chinese giant SAIC. The brand is now positioned as a key player in the French electric vehicle market, combining heritage and innovation.
MG4: the versatile electric compact
La MG4 is the perfect embodiment of this renaissance, standing out as a versatile and accessible electric compact. Here's what makes it so successful:
- Aggressive pricing The MG4 starts at €29,990 for the Standard version, directly challenging its European rivals.
- Diversified range From the Standard version (51 kWh, 170 hp) to the sporty XPower (64 kWh, 435 bhp), through to the Comfort and Luxury trim levels, the MG4 adapts to every need.
- Competitive autonomy From 350 km for the entry-level range à 520 km for the Extended Range version (77 kWh).
- Performance The standard version shoots the 0 to 100 km/h in 7.7 secondswhile the XPower does it in just 3.8 seconds.
- Advanced technology Equipped with a touch screensystemsdriving assistance and Vehicle to Load (V2L).
- Fast recharge Up to 135 kW for the Comfort versionallowing a recharge of 10 to 80% in 38 minutes for most versions.
The MG4 stands out for its exceptional value for moneywith features comparable to established European models such as the Renault Megane E-Tech or the Volkswagen ID.3, but at a much lower price. much lower rate. Despite some criticisms of the ergonomics and finishThe MG4 more than makes up for this in performance, range and motorway comfort.
MG Cyberster: the sensational electric roadster
La MG Cyberster combines the charm of British roadsters with electric technology cutting-edge technology. Here's what makes it so exceptional:
- Bold design : The Cyberster retains the spirit of the classic MG roadsters, while adopting a new design. futuristic look with its rear lights evoking the Union Jack and its aerodynamic silhouette.
- Electrifying performance Available in 2 versionsCyberster offers up to 510 bhp (375 kW) with all-wheel drive, delivering acceleration of 0 to 100 km/h in just 3.2 seconds.
- Competitive autonomy : With a 77 kWh batteryCyberster promises range of 444 km on the WLTP cycle.
- Fast recharge Capable of withstanding a load of up to 144 kW direct current.
- Advanced technology : The Cyberster incorporates Level 2 driver assistance systems, offering an enhanced driving experience. semi-autonomous driving.
- Generous dimensions : With its 4.53 m long and 1.91 m wideThe Cyberster has an imposing size for a roadster, promising comfortable interior space.
Marketed since 14 October 2024 with a list price €67,990the MG Cyberster is positioned as a a tribute to the brand's sporting heritageand offers a resolutely modern vision of the electric roadster. With its impressive performance and its eye-catching designThe Cyberster promises to appeal to thrill-seekers looking for a unique, environmentally-friendly driving experience.
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Geely: Chinese expertise at the service of accessible luxury
Geelythe Chinese automotive giant, is gradually making its mark on the European market with its multi-brand strategy. The group, which owns Volvo and Polestar, is bringing its technological expertise to more accessible brands, with the aim of democratising luxury electric cars.
Lynk&Co 02: the trendy crossover
Le Lynk&Co 02planned for 2025, is the perfect embodiment of this philosophy, offering an electric coupé crossover that combines style and technology :
- Design Designed in Sweden and therefore eligible for 2025 environmental bonusthe 02 offers a modern look with compact dimensions of 4 460 x 1 845 x 1 573 mmideal for the city and getaways.
- Performance Available in 2 versions, Core and Morewith power ranging from to 272 hp for the top-of-the-range version, capable of taking down the 0 to 100 km/h in 5.5 seconds.
- Autonomy Up to 445 km for the More versionthanks to a 66 kWh battery.
- Refill Capacity fast charge up to 150 kW in direct current.
- Technology Equipped with a 10.2-inch digital instrument panel and a 15.4-inch central touch screenoffering an intuitive user interface.
- Innovation Functionintegrated car-sharing allowing owners to easily rent out their vehicles via a dedicated application.
- Premium equipment The More version offers a heat pumpand active aerodynamic flaps and level 2+ driving aids.
With a price positioning from €35,995In other words, the Lynk&Co 02 promises to shake up the codes of the electric crossover segment in France.
Zeekr : China's rising electric car star takes on Europe
Founded in 2021, Zeekr has rapidly established itself as a major player in the premium electric vehicles. Its ambition is clear: to conquer the European market by offering vehicles that combine performance, autonomy and technologies from tip. The brand is banking on a meticulous design and innovative functions to appeal to demanding European consumers.
Zeekr 001: premium electrics made in China
The Zeekr 001 is the brand's flagship model, perfectly embodying its vision of a top-of-the-range electric vehicle. This "electric shooting brake"It has a number of distinctive features:
- Innovative design Halfway between a an electric saloon and station wagonThe Zeekr 001 boasts generous dimensions with its 4.97 metres long and a 3-metre wheelbasecompeting directly with Tesla Model S.
- Electrifying performance Available in rear-wheel drive (RWD) version from 272 hp or all-wheel drive (AWD) from 544 hp001 shoots down the 0 to 100 km/h in just 3.8 seconds in its most powerful version.
- Convincing autonomy Thanks to its 100 kWhthe Zeekr 001 promises range from 580 to 620 km depending on version.
- Ultra-fast recharging Capable of withstanding a load of 200 kW direct current001 can recover 80% battery in just 30 minutes.
- State-of-the-art technology : The minimalist interior is dominated by a 15.6-inch swivel screenpowered by a Qualcomm Snapdragon 8295 chipoffering a top-of-the-range user experience.
- Competitive pricing : With a starting price set at €59,490The Zeekr 001 is well positioned in relation to its European premium rivals.
With its impressive performance, comfortable range and advanced technologies, it is a real winner. a serious alternative to established modelsa perfect illustration of the ambitions of Chinese manufacturers in the European market.
Leapmotor: China's new wave of electric cars backed by Stellantis
Leapmotor, a young Chinese manufacturer of electric vehiclesis poised to make a remarkable entry into the European market thanks to a strategic partnership with the giant Stellantis.
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In October 2023, Stellantis has invested around €1.5 billion to acquire a 20 % stake in Leapmotorbecoming an influential shareholder with 2 seats on the company's Board of Directors. The aim of this partnership is to boosting Leapmotor sales in China and use Stellantis' international sales presence to accelerate the distribution of Leapmotor vehicles in Europestarting with France.
Leapmotor T03: the affordable electric city car
La Leapmotor T03 is positioned as a compact and affordable electric city car, aiming to compete directly with models such as the Dacia Spring :
- Design : With its 3.62 m longT03 adopts a jovial, modern stylereminiscent of a a cross between a Peppa Pig and a latest-generation Twingo.
- Motorisation It is equipped with a permanent magnet synchronous motor delivering a power of 113 ea and a torque of 158 Nmclearly superior to its rival.
- Battery and autonomy The T03 features a 37 kWh LFP batteryoffering a 265 km range in the WLTP cycle.
- Refill Compatible with fast charging up to 45 kW, it can recover up to 10 kW of electricity per charge. 10 to 80% of battery in 55 minutes.
- Equipment Despite its compact size, the T03 doesn't skimp on technology, with a 10.1-inch touch screena 8-inch digital handset andadvanced driving aids.
- Prices The T03 is available at a list price of €19,500 excluding bonuses, and aims to be one of the most affordable electric cars on the French market.
In short, the arrival of the Leapmotor T03 on the French market represents a opportunity for consumers looking for an affordable electric carThis compact, well-equipped vehicle illustrates the growing momentum of international collaboration in the electromobility sector.
The top 10 electric cars available in France: Summary table
For greater clarity, here is a table summarising the technical specifications of the top 10 Chinese electric cars available in France:
| Modèles | Autonomie (WLTP) | Puissance | 0-100 km/h | Batterie | Prix de départ |
|---|---|---|---|---|---|
BYD Seal | 520-570 km | 313-530 hp | 3,8-5,9 s | 84 kWh | 46 990 € |
BYD Sealion 7 | 456-502 km | 313-530 hp | 4,5-6,7 s | 82.5-91.3 kWh | 46 990 € |
BYD Dolphin | 427 km | 204 ea | 7 s | 60.4 kWh | 33 990 € |
Xpeng G6 | 570 km | 258-476 hp | 4,1 s | 92 kWh | 42 990 € |
Xpeng G9 | 570 km | 313-551 hp | 3,9 s | 98 kWh | 59 990 € |
MG4 | 350-520 km | 170-435 hp | 3,8-7,7 s | 51-77 kWh | 29 990 € |
MG Cyberster | 444 km | 510 hp | 3,2 s | 77 kWh | 67 990 € |
Lynk&Co 02 | 445 km | 272 hp | 5,5 s | 66 kWh | 35 995 € |
Zeekr 001 | 580-620 km | 272-544 hp | 3,8 s | 100 kWh | 59 490 € |
Leapmotor T03 | 280 km | 109 ea | 10,4 s | 41.3 kWh | 19 500 € |
Conclusion
From BYD à Xpengby way of MG Motor and LeapmotorEach brand brings its own vision of electric mobility to the table, responding to a specific need. diversity of needs and preferences. This increased competition stimulates innovation and pushes the entire industry to outdo itselffor the ultimate benefit of consumers.
However, navigating this new abundant offer can prove complex. That's where Beev comes in. As a specialist in electromobilityBeev can help you make the transition to electric mobility by offering you a complete range of services. selection of the best offers on the marketincluding these promising new Chinese models.
Whether you're an individual looking for your first electric car or a company looking for an electric car, we can help. electrify your fleetBeev offers you leasing solutions tailored to your specific needs. With a in-depth market expertise and a individual supportBeev simplifies your transition to electric vehicles, allowing you to take full advantage of this new era in mobility.
