Top 10 Electric Vehicle Manufacturers in Asia
In Asia, the industry for electric vehicles is quickly expanding, with electric car sales expected to peak in 2021. According to EV-Volumes, the Asia-Pacific area alone sold about 2.96 million electric vehicles last year, with China being the largest market. In China, electric car sales in January 2022 were up to 141 percent higher than in January 2021, with over 400,000 vehicles sold. This year, the global market for electric vehicles is experiencing the highest sales growth.
Here is the list of the top ten electric vehicle manufacturers in Asia are as follows:
BYD is a Chinese electric vehicle and energy storage product maker. With China set to become the world’s largest consumer of electric vehicles in 2022, it’s no surprise that a Chinese electric vehicle maker would lead the list of Asia’s and the world’s best-selling electric vehicle manufacturers. In fact, with 229,506 units sold in 2019, BYD is second only to Tesla.
SAIC – General Motors Wuling
With over 400,000 cars sold in 2021, Wuling Hong Guang MINI EV breaks a major sales record in the EV sector. According to the China Passenger Car Association, Wuling Hong Guang MINI EV achieved the all-time monthly record in December 2021, with over 50,561 units sold. It is currently widely regarded as one of the best low-cost electric vehicles available.
Nio is one of Asia’s leading electric car manufacturers. It began as a global electric vehicle firm in November 2014. In 2021, Nio sold 91,429 vehicles, an increase of 109.1% from the previous year.
While creating one of the world’s best-selling electric car models, the Nissan LEAF, Japan’s Nissan will no doubt be on the list of the finest electric vehicle producers in Asia and the world. Nissan Leaf will be ten years old in 2020, having initially been released to the market in 2010. Nissan was able to sell over 500,000 LEAFs worldwide throughout the 10 years.
Zhidou, best known for their D2 electric minicar, is also one of Asia’s leading makers of electric vehicles. In 2005, the business began developing electric vehicles exclusively for the European market. They created a little electric automobile for city transportation, intending to make parking easier. Their goal is to make electric cars accessible to the general public.
Hozon Auto is a Chinese all-electric vehicle manufacturer that was formed in 2014. In October 2021, they delivered 8,107 NETA electric vehicles, a 294 percent increase over the previous year’s record.
Great Wall Motors
Great Walls, named after China’s Great Wall, is also one of Asia’s best-selling electric vehicle manufacturers. New energy vehicle sales are expected to reach 59,000 units in 2020. In 2025, the firm anticipates selling 4 million vehicles annually.
SAIC Motor Corporation is one of China’s top automakers, with annual sales exceeding USD 120 billion in 2019. The company also produces electric vehicles under its names, such as Roewe and Chery, and distributes them through joint ventures with companies like Dongfeng Motor and JAC Motors. In 2020, the firm sold over five million vehicles in China, cementing its position as the market leader for the 15th consecutive year.
Founded in 2014, XPeng is a Chinese electric car manufacturer. From the beginning of 2022, XPeng has seen robust automotive sales, with the fifth straight monthly result above 10,000.
Last but not least, the South Korean automotive business Hyundai, well known for their EV model Hyundai Ioniq 5, must be included in any ranking of the finest electric car manufacturers in Asia. Hyundai Plug-In Wholesale Sales surpassed over 160,000 sales in 2021. The Hyundai Ioniq 5 is also renowned as one of the world’s best electric cars, with two battery packs: 58kWh and 72.6kWh.