Publication date: April 24, 2024
China Dominates Global EV Market Amid Expansion into Southeast Asia

China Dominates Global EV Market Amid Expansion into Southeast Asia

China's pivotal role in EV production and market dynamics shifts focuses toward Southeast Asia.

Electric Vehicles

According to the International Energy Agency, China's leadership in the electric vehicle (EV) market remains unchallenged, with over half of global EV production and sales originating from the country in the past year. The pivotal role China plays in the EV sector is further emphasized by the interest of Chinese EV manufacturers in expanding their market reach to Southeast Asian countries, notably Thailand. This strategic shift underscores the global shift towards electric mobility and the international competition to capture market shares in emerging economies.