Global carmakers and the big EV switch
World over, carmakers are shifting gears towards electric vehicles and ecosystems, with some planning to go all-electric in a few years
Curated By: Ruchika Shah
China
Seven Chinese carmakers—the Warren Buffett-backed BYD, SAIC, FAW Group, Geely (owners of Volvo), Great Wall Motors, BAIC and Dongfeng—are formidable players in the EV market. FAW, China’s oldest carmaker, is one of the country’s ‘big four’; BAIC is Daimler’s Chinese partner, while Dongfeng has an alliance with Renault-Nissan; BYD is the world’s largest EV maker.
China’s biggest electric carmaker Beijing Electric Vehicle Co—valued at $4.5 billion, and with 1.03 lakh EVs sold last year—is on its way to become the first state-backed new energy carmaker to get listed on a mainland stock exchange.
Seven Chinese carmakers—the Warren Buffett-backed BYD, SAIC, FAW Group, Geely (owners of Volvo), Great Wall Motors, BAIC and Dongfeng—are formidable players in the EV market. FAW, China’s oldest carmaker, is one of the country’s ‘big four’; BAIC is Daimler’s Chinese partner, while Dongfeng has an alliance with Renault-Nissan; BYD is the world’s largest EV maker.
China’s biggest electric carmaker Beijing Electric Vehicle Co—valued at $4.5 billion, and with 1.03 lakh EVs sold last year—is on its way to become the first state-backed new energy carmaker to get listed on a mainland stock exchange.
