Chinese automotive industry
The Chinese automotive industry is one of the largest in the world, producing millions of vehicles each year. It includes a mix of domestic companies, such as SAIC Motor and Geely, and international manufacturers like Volkswagen and Toyota. The industry has rapidly expanded due to increasing demand for cars and government support for electric vehicles.
In recent years, China has become a leader in electric vehicle (EV) production, with companies like NIO and BYD gaining global recognition. The government has implemented policies to promote EV adoption, aiming to reduce pollution and dependence on fossil fuels. This shift is reshaping the automotive landscape both domestically and internationally.