China is indeed becoming an emperor of electric vehicles; if you stood and claimed ten years back that China would rule in electric car production, purists would refer to your claims as nonsensical. Fast-forward to 2024, and China is indeed leading with 28% year-over-year electric car sales growth, according to a report by Counterpoint Research.

The misconception about China’s low-quality drives is no longer there. To clear the doubt, China leads high-tech research in 80% of critical fields (37 of 44 technologies), as reported by various sources, including Statista. Here are the top reasons your next drive must be from China:

Chinese Electric Cars Are Affordable Due to Government Support

The Chinese government plays a critical role in pushing electric car manufacturing and sales. It has heavily invested in this, with subsidies for manufacturers, consumer incentives, and charging infrastructure investments.

The government had coaxed buyers and manufacturers into the electric vehicle market through subsidies for nearly a decade. While many thought the end would come in December 2023, the government announced that EVs and other green cars will continue to be exempt from purchase tax in 2024 and 2025. It was also announced that the rate will be halved for 2026 and 2027.

The government’s subsidy move has enabled Chinese electric car manufacturers to offer vehicles at lower prices than their Western counterparts. Manufacturers have claimed the subsidy has helped reduce labor and manufacturing costs, saving finances for more research and technological advancement.

Below is a comparison of China’s and Western countries’ EV prices:  

The Advanced Technology

Chinese companies are at the forefront of several key EV technologies, including battery technology, which accounts for 40% of the electric vehicle price. According to statistics released by market research firm SNE Research, CATL, BYD, CALB, Gotion, EVE, and Sunwoda are among the top 10 leading firms in global battery technology.

Chinese batteries have a cumulative technological, market size, and industrial chain advantage. That’s why, at the start of 2023, German automobile manufacturer Volkswagen sent nearly 300 employees to Chinese battery manufacturer Gotion to learn about battery manufacturing. The company wanted to learn about the chemical formulation and battery pack assembly.

Chinese automakers’ heavy research has led to breakthrough accomplishments in other automotive technologies, such as autonomous driving. Autonomous and semi-autonomous cars have showcased excellent safety technologies, such as auto braking, keeping on the lane, lane departure warning, and automatic parking systems.

Strong Domestic Market Fuels Improvements

Chinese citizens’ high demand for electric cars also benefits manufacturers and overseas consumers. Manufacturers continuously improve their products based on local consumer feedback, which enables them to market perfect brands overseas.

Generally, the improvement from local consumer feedback has enabled companies to achieve economies of scale. These economies of scale have also enabled engineers to carry out customization processes to release cars that meet different global consumer demands. As of 2021, China’s modification and customization market was valued at $10 billion and is expected to reach $31.2 billion by 2025.

According to the World Economic Forum, Chinese electric car consumers are overwhelmingly willing to consider a domestic model over models from other countries. Check the results of the study conducted on 1000 citizens of China, Europe, and the United States below:

China Offers a Variety of Car Options

China has a well-established automotive manufacturing industry, hence its ability to produce vehicles in a high volume. As such, China has some of the most common electric vehicle manufacturers, including BYD, NIO, Chery, and Geely.

The large manufacturing capacity is one of the main reasons for the variety of car options in China, with various features that suit different consumers. Technological advancements like automation in manufacturing and assembly mean that China can manufacture cars on a massive scale quickly. This gives the country’s automotive industry a competitive advantage because it responds fast to market demands.

China surpasses the combined car production numbers of the United States and the European Union. Below is a comparison of car production numbers in China, the USA, and Europe.

The Chinese EV industry plans to expand further and retain its position as the leading EV manufacturer by building several EV charging stations in Central Asia and other continents.

GuangcaiAuto is China’s Best Electric Car Dealer

GuangCaiAuto is China’s best electric car dealer with over a decade of experience in car export trading. Our services remain top-notch for the following reasons:

1. Quality Assurance

GuangcaiAuto has the best car inspection team to ensure excellent quality control. After receiving cars from manufacturers or second-hand sellers, professionals inspect them for quality. Faulty units go through revisions to ensure zero errors upon entering the showroom for sale.

2. Wide Range of Electric Car Options

GuangcaiAuto has partnered with several electric car manufacturers in China to ensure they have the most suitable units in their 200 stores and 10000㎡ warehouses. Whenever you set foot at the headquarters in Guangzhou, the capital of Guangdong Province, rest assured you’ll drive home with your dream car.

3. Affordable Units

GuangcaiAuto is your go-to partner even when sourcing your dream ride on a budget. The government subsidies have led to the rise of a wide range of manufacturers, creating high competition. This reduces the cost of electric vehicles in China compared to other countries. Guangcai Auto also understands a car investment can take years of savings, hence setting reasonable prices for buyers.

4. Smooth Shipping Processes

Time is of the essence, and we understand you want to receive your electric car promptly after the payment. Our shipping team also inspects the vehicle and ensures proper packaging to avoid damage during shipping.

Contact our experts now for proper guidance on purchasing an electric vehicle from China. We always have a comprehensive supply to meet every customer’s needs.