The share of BEVs in sales by JV and local carmakers in 2022
- In China, the sales shares of cars with internal combustion engine, electric motor (BEV), plug-in hybrid (PHEV) and non-plug-in hybrid (HEV) differ between local carmakers (Chinese carmakers not affiliated with foreign carmakers) and JV carmakers (Chinese carmakers affiliated with foreign carmakers). For example, the proportion of cars with internal combustion engines in the first nine months of 2022 is 81% for JV carmakers, while it is only 57% for local carmakers.
- Conversely, the proportion of 100% electric cars (BEVs) does not exceed 12% among JV carmakers, while it reaches 30% among local carmakers.
- This means that Chinese carmakers have a significant lead over foreign carmakers in electric cars, and also that Chinese customers are more likely to buy electric cars from local carmakers than from foreign carmakers.
- It should be noted that for this analysis, Inovev included the Wuling brand in the JVs because it is 44% owned by GM and 50% owned by SAIC. Thus, it is not an independent Chinese brand, even though the Chinese share is larger than the U.S. share. If we include Wuling among the local carmakers , the share of BEVs among these local carmakers increases from 30% to 32%.The share of plug-in hybrid vehicles (PHEVs) is also much higher among local Chinese carmakers (12%) than among JV carmakers (1%).
- Conversely, the share of non-rechargeable hybrid cars (HEV) is much higher among JV carmakers (6%) than among local Chinese carmakers (1%).
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